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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Loans

After Burford, litigation funders need a healthy dose of transparency

Litigation funders live and breathe disputes, but this was not the sort of dispute Burford Capital was used to. On August 8, Burford’s share price plunged 66 per cent after a ferocious attack from San Francisco-based hedge fund Muddy Waters, whose founder Carson Black questioned the accuracy of the funders accounting practices. Black described the […]

US and European firms lead on Bayer’s latest billion-dollar disposal

Paul Weiss Rifkind Wharton & Garrison has teamed up with German firm Hengeler Mueller on the sale of Bayer’s animal health business for $7.6bn. The two firms advised the purchaser Elanco Animal Health, which sells products to support farmers and pets alike. The Paul Weiss team was led by partner Tarun Stewart and litigation partner […]

money finance

A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group

Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]

Offices

Clydes refutes “breach of duty” claims in insolvency dispute

A property business that came out of insolvency in 2015 has brought separate claims against Clyde & Co and Deloitte for advice given after its administration. The claimants, Rhino Enterprises Properties Limited (REPL) and Askwith Investments Limited (AIL), owned several properties until they went into administration in 2013, coming out of in 2015. They argue […]

Rugby

Gowling WLG is latest firm to grab Commonwealth Games advisory role

Gowling WLG has won the advisory role for the Birmingham 2022 Commonwealth Games following a tender process for the post. The firm will support the organisers on corporate governance, procurement and general commercial matters. Gowling’s pitch team was led by partner Michael Luckman, who will be working with Birmingham 2022’s chief legal officer Caroline McGrory […]

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