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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A&O and O’Melveny call off transatlantic merger

After over a year of discussions between the pair, Allen & Overy and O’Melveny & Myers have called off their proposed merger. In a joint statement, the firms said: “Allen & Overy and O’Melveny & Myers have held discussions about a possible combination and, despite agreeing that there were some compelling synergies between us and […]

Two Freshfields tax partners face criminal probe in Maple Bank fallout

Two tax partners at Freshfields Bruckhaus Deringer are under an investigation for their role in “cum-ex” transactions. The criminal investigation into the two unnamed partners relates to their alleged involvement in the advice given to the now-defunct Maple Bank. The bank’s liquidators, CMS Hasch Sigle sued Freshfields in Frankfurt for its advice on so-called ‘cum-ex’-deals. […]

Dentons opens in five jurisdictions in bid to build “pan-African” law firm

Dentons has encroached deeper into Africa through five proposed combinations across the Continent. The firm today announced that it was tying up with local firms in Angola, Morocco, Mozambique, Uganda and Zambia, following a concerted push to embed itself in the continent as the “first Pan-African law firm owned and controlled by Africans.” The firms […]

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Addleshaws’ consulting unit targets 20 per cent growth in next year

The revenue of Addleshaw Goddard‘s intelligent delivery service has shot up to around £12m two years after its launch, The Lawyer has learned. The platform, which launched in 2017, is understood to have been developed off the back of an initial £1m investment aimed at expanding the original team and adopting and creating technology platforms. […]

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