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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shard london

Latham goes in-house for latest infrastructure hire

Building on previous hires in the infrastructure space, Latham & Watkins has added a new partner from Omers’ in-house team. The US firm has hired John Guccione from Omers Infrastructure, where he was a managing director in the legal team. He joined in 2010 when the business was still called Borealis. Prior to that he […]

Asia-Pacific headwinds lead Ashurst to lose financial momentum

Ashurst saw the upward momentum it achieved over 2018/19 lag this year, with average profit per equity partner (PEP) dropping by 7 per cent. Described by Ashurst’s managing partner Paul Jenkins as “a year of consolidation”, the firm’s PEP decreased from £972,000 to £903,000. This pushes it further back from the £1m mark that Jenkins […]

Mayfair

CMS calls time on Mayfair office after five years

CMS Cameron McKenna Nabarro Olswang has closed its funds-focused Mayfair outpost, the second City firm this year to shut secondary premises in the elegant London neighbourhood. It has emerged that the firm’s lease came to an end in December and CMS decided not to renew the contract. The satellite office, a much smaller space as […]

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