Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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US duo lead on €33bn Fiat Chrysler-Renault merger

Sullivan & Cromwell and Skadden Arps Slate Meagher & Flom are advising the Fiat Chrysler Automobiles (FCA) and Renault respectively on the proposed merger to create a  €170bn-revenue business. News of the deal broke over the weekend with New York-based Sullivan & Cromwell partner Scott Miller acting alongside French firm Darrois Villey Maillot Brochier for […]

The £2m PEP will be the new normal for the magic circle

As financial reporting season closes in, the magic circle will be hoping to surpass the elusive £2m barrier for average profit per equity partner (PEP). 2007 was the year that the magic circle cracked the elusive £1m mark in PEP. However, over a decade on and the quartet are still hunting down the next milestone […]

DLA brings in Taylor Wessing operations chief for new role

DLA Piper has hired former Taylor Wessing chief operating officer Rachel Reid in a newly-created position, The Lawyer has learned. As part of her new role as business management specialist, Reid will be responsible for geographic areas including Asia Pacific, Middle East and Africa, alongside partner and managing director for the regions Charles Severs. Her […]

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