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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Stephenson Harwood CEO takes aim at partner performance in new plan

Stephenson Harwood’s new CEO Eifion Morris is to undertake a full strategic review of the firm, addressing partner performance and increased ambition. Morris, who took over from Sharon White in October, has informed partners of his seven-point plan to transform the firm. Target-setting and specialisation are key points upon which Morris seeks to improve, while […]

Stephenson Harwood to make Hong Kong redundancies after strategic review

Stephenson Harwood is pushing for major changes in its Hong Kong office following the recent announcement to shut down its Beijing office. The firm is cutting back on partners and associates in Hong Kong under the new leadership of Greater China managing partner Jamie Stranger. It is understood that around six partners and 20 associates […]

beijing

Stephenson Harwood closes second China office in six years

Stephenson Harwood has decided to close its Beijing office, as the firm concludes its Asia strategic review. Stephenson Harwood has closed its small outpost in Beijing, where it opened an office in 2013. The only partner based in Beijing – Chun-Hui Lin – will leave the firm later in the year. The decision comes following […]

money

Stephenson Harwood proceeds with bonus payments amid pandemic

In contrast to the trend of altered bonus payments throughout the City, Stephenson Harwood has opted to proceed as normal due to strong financial results. The firm’s chief executive Eifion Morris confirmed the move on Wednesday, with employees set to receive bonuses “without delay or deferral of any part”. However, this positive development comes as […]

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