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

Midlands

Shakespeare Martineau sets out office closures with 60 roles affected

Shakespeare Martineau has launched a redundancy consultation that could affect up to 60 roles across the firm. The firm announced today that roles are affected across the firm range from business operations to lawyer positions. Alongside the plans, the firm will also be closing its Leicester Meridian office and relocating staff to its other base […]

Lee Ranson Eversheds Sutherland

Eversheds Sutherland PEP surpasses £800,000 for first time

Eversheds Sutherland’s average profit per equity partner (PEP) increased by 12 per cent in its non-US business, after several years of single-digit growth at the firm. PEP climbed up 12 per cent from £726,000 to £812,000 – the firm’s highest ever PEP results. Alongside, Eversheds Sutherland International’s turnover rose from £438.6m to £494.6m, following on from the firm’s first […]

Government

Law firms “squeezed” Carillion for fees in run-up to collapse, MPs reveal

Slaughter and May, Freshfields Bruckhaus Deringer and Clifford Chance are among the advisory firms accused by MPs of “squeezing fee income” out of Carillion as it neared liquidation. In a report published this morning by two committees examining the company’s collapse, all of the firms above are named as picking up fees from Carillion three […]

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