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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Norton Rose Fulbright client acquitted as SFO’s Tesco case collapses

The case against Tesco’s former financial director has been dropped, meaning all three individuals accused by the Serious Fraud Office (SFO) of alleged profit misreporting have been acquitted by the courts. Norton Rose Fulbright‘s client Carl Rogberg was acquitted today. Rogberg – alongside former Tesco UK managing director Christopher Bush and UK food commercial director John Scouler […]

sfo

Magic circle firm dropped for Simmons in SFO’s Petrofac investigation

Simmons & Simmons has been appointed as Petrofac’s adviser during its investigation by the Serious Fraud Office (SFO), wrestling the mandate for the oil and gas company from a magic circle firm. It is understood that Simmons’ head of crime, fraud and investigations Stephen Gentle and partner Nick Benwell have won the mandate from Freshfields Bruckhaus Deringer. The […]

sfo

SFO kickstarts search for new GC following Milford exit

The Serious Fraud Office (SFO) has begun its search to find a new general counsel, following incumbent Alun Milford’s decision to join the partnership at white-collar and criminal outfit Kingsley Napley. The office announced that it would be searching for a replacement in the wake of Milford’s departure, though it is understood that the SFO […]

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