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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Pret a Manger

Freshfields and Travers Smith lead on £1.5bn Pret a Manger sale

Freshfields Bruckhaus Deringer and Travers Smith have acted in the £1.5bn sale of sandwich and coffee store Pret a Manger to investment group JAB Holdings. Freshfields corporate partner Christopher Mort led for JAB, a Luxembourg-based investment group owned by Germany’s billionaire Reimann family. Other members of the deal team included antitrust partner Alex Potter and corporate […]

Jamie Oliver

KPMG hands Jamie Oliver mandate to listed law firm

In its second high-profile mandate from KPMG this year, Gateley is advising as Jamie Oliver’s restaurant business collapses into administration. Gateley restructuring partner Dan French is leading the team from Birmingham. Jamie Oliver’s restaurant business is the latest eatery to fall under hard times in a challenging market for high street retail chains. KPMG has […]

telecoms

A&O wins key mandate for pension fund on £504m telecoms purchase

Allen & Overy is advising the Universities Superannuation Scheme on its acquisition of UK telecoms group KCom. London partner Richard Hough is leading the magic circle firm’s team for the pension fund USS, which is buying KCom through a wholly-owned indirect subsidiary company. He was supported by banking partner James Graham. KCom, a Hull-based broadband […]

Liberty

Scottish firm grabs mandate in Liberty’s potential sale

Burness Paull is acting in the potential sale of landmark department store Liberty, as it is poised to change hands for the first time in nearly a decade. It is understood that private equity firm BlueGem Capital Partners, which bought Liberty for £42m in 2010, has recruited bankers to explore a potential sale. Glasgow-based capital markets […]

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