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.

Recommended

Shoosmiths mulls cut in working hours by 20 per cent

Shoosmiths is considering cutting down partner and staff working hours by 20 per cent to weather the coronavirus pandemic. The firm has said it is consulting with partners and staff on moving to a four-day week, which will be on a temporary, voluntary basis and entail a 20 per cent cut in pay and benefits. […]

Linklaters

Linklaters suspends partner profits distribution for Q4

Linklaters has decided not to pay the next quarter’s distribution of profits to partners, which had been scheduled to take place in June. The decision reflects similar moves taken by Freshfields Bruckhaus Deringer, which this week confirmed it too would not be dishing out profits to partners for Q4. As well as this, Linklaters will […]

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