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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Solicitors Regulation Authority

Cleary caught up in investigation over former employee

A former employee of Cleary Gottlieb Steen & Hamilton’s London office has been banned from working in the legal sector by the Solicitors Regulation Authority after he was found to have been involved in a fraudulent scheme with three of the firm’s suppliers. Paul Fitzsimmons was the firm’s facilities and services manager until 5 August […]

RPC steers clear of furloughing but cuts partner drawings

RPC has cut partner drawings by up to 20 per cent to weather the challenges of the Covid-19 crisis. The firm has introduced a number of time-limited measures that have been put in place with immediate effect. They include the deferral of partner distributions and a “sliding scale” reduction to monthly drawings of up to […]

Jeremy Cohen

Dentons asks employees to work four-day week for six months

Dentons UK and Middle East LLP is asking all of its employees to work a four-day week for six months, with partner drawings reduced by 20 per cent for the same period. The firm has made the announcement as part of its wider package of Covid-19 measures, aimed at combating the financial impacts of the […]

money

Lewis Silkin makes more Covid-19 cuts

Lewis Silkin has taken further measures to contain the growing challenges posed by Covid-19. The firm has agreed to temporarily suspend quarterly profit distributions. It has also cut salaries and reduced the work hours of a number of its associates, junior lawyers and paralegals across different practices. The decision comes as the firm recently furloughed […]

Baker McKenzie

Bakers back in SDT as former HR director faces questioning

Following a five-month break, the Solicitors Regulation Authority (SRA) today continued to pursue its case against Baker McKenzie and three former members of the firm. At the end of 2019, Bakers former London managing partner Gary Senior, now-Linklaters partner Tom Cassels and the firm’s former HR director Martin Blackburn faced the Solicitors Disciplinary Tribunal (SDT) […]

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