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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Richard East Quinn Emanuel

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A week after Quinn Emanuel Urquhart & Sullivan announced a bumper pay increase for US associates, the firm has decided to reward its City lawyers with a salary rise of up to 19 per cent. The new payscale will see first year post-qualification (PQE) lawyers paid £125,000 per year, increasing to a maximum of £245,000 […]

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Exclusive: Fieldfisher mulls float as law firm IPO market heats up

Just days after DWF confirmed it was looking into the possibility of an IPO, The Lawyer can reveal that Fieldfisher has also been holding meetings in the City to explore a similar move in a float that could value the London firm at up to £800m. It is understood that Fieldfisher has been “pilot fishing” […]

City duo lead on £1bn sale of UBS headquarters

Clifford Chance and Herbert Smith Freehills (HSF) have led on the sale of UBS’ UK headquarters in the latest billion-pound sale of prime real estate in the City. The magic circle firm advised a subsidiary of Hong Kong-based CK Asset on the £1bn purchase of 5 Broadgate from British Land and GIC. The building was […]

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