Related briefings

High Court decision on business interruption claims for Covid related losses

The High Court has now handed down judgment in the eagerly awaited test case brought by the Financial Conduct Authority (‘FCA’) against 8 insurers to determine whether policyholders can make business interruption (BI) claims for losses arising from disruption and closure of their businesses caused by Covid-19.

Pensions Ombudsman update – September 2020

Key areas covered in this edition include: Employer’s automatic enrolment duties; Distress caused by missing contributions; Tax liability for negligent misstatement; and Administrator’s duty to provide correct information. Download the latest edition to find out more details and the impact of these decisions.

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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Ashurst

Ashurst back on form with double-digit PEP growth

Two years after reporting a 10 per cent slump in its average profit per equity partner (PEP), Ashurst is back on track, reporting double-digit PEP growth to £743,000 in 2017/18. The news marks a turnaround in the firm’s financial fortunes, as it is an 11 per cent uplift in PEP from £672,000 last year, and […]

John Cleland

Pinsents growth slows as firm hits £450m mark

Turnover at Pinsent Masons rose by 6 per cent over 2017/18, putting it behind the pace of CMS Cameron McKenna Nabarro Olswang, Eversheds Sutherland and Taylor Wessing, which have all reported double-digit growth. Turnover rose 11 per cent in the 2015/16 financial year to £423.1m, though that slowed this year giving it a total of […]

The Lawyer Awards

The Lawyer Awards: Pinsents triumphs as firm of the year

Pinsent Masons won the top prize at The Lawyer Awards 2018 last night, scooping the Law Firm of the Year award, sponsored by Travelers. This year’s judges – comprised of in-house general counsel, Hot 100 alumni and managing partners of major international firms – recognised that this was Pinsent Masons’ year. The firm has grown […]

Linklaters and Bakers lead on €1bn Cerberus deal

Linklaters and Baker McKenzie have led in the €1.2 billion sale of the world’s largest air cargo handler, Worldwide Flight Services (WFS), to New York based private equity company Cerberus Capital Management. Linklaters corporate partners Ben Rodham and Christopher Boycott acted for Cerberus, which from 2015 has been owned by Platinum Equity. They were supported by finance partners Daniel […]

Abramovich

Macfarlanes clinches victory from Skadden in $1.5bn oligarch dispute

The $1.5bn dispute between three Russian oligarchs has ended in a unanimous High Court decision in favour of Macfarlanes and Maitland Chambers client Oleg Deripaska over a right of first refusal clause in a Russian mining company’s shares. Macfarlanes partners Iain Mackie and Simon Nurney instructed Maitland Chambers’ Christopher Pymont QC, David Mumford QC, Thomas […]

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