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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hong kong

Osborne Clarke to exit Hong Kong with office closure

Osborne Clarke has become the latest international firm to withdraw from Hong Kong after five years operating in the Asia financial hub. Osborne Clarke’s Hong Kong office will be shut at the end of June. It currently has two partners, two associates, a trainee and three support staff. The firm said all members of the […]

London skyline

Kirkland alumni club: Willkie secures double-partner hire in London

Willkie Farr & Gallagher has secured its long-awaited hire of two partners from Kirkland & Ellis, as they join former colleague Claire McDaid to expand its City private equity team. Gavin Gordon and David Arnold are to join Willkie in the City, following on from the firm’s hire of Dechert tax partner Jane Scobie last […]

Shoosmiths and Mayer Brown on call for Cath Kidston sale

Mayer Brown and Shoosmiths are acting on the management buyout of Cath Kidston, as the British retailer’s UK bricks and mortar stores prepare to permanently shut down. The modern vintage retailer went into administration earlier this week (20 April), with its owner, Baring Private Equity Asia (BPEA) securing a pre-pack administration deal. Shoosmiths, led by […]

Freshfields Bruckhaus Deringer

Eight City lawyers make partner in Freshfields’ 21-strong promotions round

Freshfields Bruckhaus Deringer has promoted eight London lawyers to partner, while also revealing its largest-ever cohort of new US members. All but two of the Freshfields promotions in the City are in its transactions group, with two in disputes (Simon Duncombe and Ali Kirby-Harris are both thought to have trained with the firm). In transactions, […]

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