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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Linklaters

Kirkland and Linklaters trade tax partners in latest swap

Linklaters has hired a Kirkland & Ellis tax partner, in a reverse hire just a few weeks after Kirkland lured a tax partner from Linklaters. Chris Smale will join the magic circle firm’s practice from the US firm, where he will be advising funds, financial sponsors and corporate clients. Smale is a Linklaters alumnus, having […]

Cyber

Kirkland and Slaughters act on Sophos’ £3bn private equity sale

Kirkland & Ellis and Slaughter and May have landed roles in the latest take-private of a UK company by a US private equity house, as UK cyber security company Sophos is sold for over £3bn. Kirkland acted for the buyers Thoma Bravo, which revealed it would acquire Sophos for £3.1bn. The team at the US […]

Kirkland among US firms acting on $90bn pharma merger

Kirkland & Ellis, Sullivan & Cromwell and Arnold & Porter Kaye Scholer are the firms involved in the latest deal between US pharmaceutical giants, Bristol-Myers Squibb, Celgene and Amgen, valued at $13.4bn. The deal is related to the $90bn merger between the Bristol-Myers Squibb and Celgene, announced in January, and the sale of Celgene’s skin […]

accomodation

US firms in London get lead roles on Blackstone’s student housing purchase

Kirkland & Ellis, Jones Day, Simpson Thacher & Bartlett and Gowling WLG have all picked up roles on Blackstone’s acquisition of iQ Student Accommodation for $4.7bn. The deal, which is said to be the UK’s largest-ever private real estate transaction, had been in play since late last year when Blackstone is understood to have first […]

trains

Host of international firms act on Alstom’s €7.5bn rail purchase

Five international law firms have acted on the €7.5bn sale of Bombardier’s rail business to French company Alstom, one of the biggest European deals of the year so far. Cleary Gottlieb Steen & Hamilton was the lead legal adviser to Alstom on the acquisition with a cross-Atlantic team, while Norton Rose Fulbright counseled the seller […]

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