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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Vieira de Almeida finds new Mozambican ally

Portuguese firm Vieira de Almeida (VdA) has forged a new alliance in Mozambique, teaming up with local firm SCAN – Advogados e Consultores. The new alliance replaces a previous relationship with Silva Garcia Advogados. Foreign firms are not allowed to practise in Mozambique, forcing international players to forge local alliances to gain a foothold in […]

Conyers advises ADCM on Cayman-domiciled real-estate acquisition vehicle

Conyers Dill & Pearman has advised Abu Dhabi Capital Management (ADCM) on the formation and certain legal documentation of a Cayman domiciled real-estate acquisition vehicle that acquired 1 Palace Street, a Grade II-listed former hotel building located close to Buckingham Gate in London. The building comprises 245,000ft² of development space, which will produce 78 luxury […]

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Addleshaws neglects litigation in eight-strong promos round

Addleshaw Goddard has added eight to the partnership for the second year running, but the firm’s litigation practice has not taken a new partner into the fold. In London the firm has made up three partners in the real estate, corporate and commercial groups. Three have also been promoted in Leeds into the finance & […]

AIA tax announcement will deliver real savings for businesses, says Eversheds

Eversheds tax expert Ben Jones has commented on the taxation measures announced in the 2014 UK Budget. Jones said: ‘The increase and extension of the AIA [annual investment allowance] was the chancellor’s headline business tax announcement, with the 100 per cent increase being a particular surprise. ‘This incentive has the widest application of the Budget’s […]

Trade deal is significant for European and American business, says Eversheds

Terry O’Regan, head of international trade at Eversheds, has commented ahead of the EU-US trade summit in Brussels on 26 March. O’Regan said: ‘This is a complicated deal where the headlines belie the details, which still need to be resolved.’ He added: ‘However, the economic benefits will be substantial for both parties, particularly in terms […]

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