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Recent Articles

22 January 2021

Policyholders defeat insurers’ appeal in UK FCA test case on cover for COVID-19 business interruption losses

The momentum in favour of policyholders seeking BI cover for COVID-19 related losses continues as the English Supreme Court has unanimously dismissed the insurers’ appeal against the original judgment which was largely favourable to policyholders.
21 January 2021

Proposals by the Indian Ministry of Corporate Affairs for a new Prepackaged Insolvency Resolution Process

Background and purpose of the proposals On 8 th January proposals for a new ‘Prepackaged Insolvency Resolution Process’ ("PIRP") were issued by the Indian Ministry of Corporate Affairs for public consultation, and we have considered them from a foreign perspective. The proposals are continuing...
21 January 2021

Corporate Treasurer Briefing - Is LIBOR Really Entering the End Game?

The end of 2021 has been the date set in stone for the discontinuation of LIBOR for some time. In our briefing we look at the status of LIBOR transition across various different currencies and products and explore some of the events which will catalyse the transition in 2021.
20 January 2021

The Anti-Bribery and Anti-Corruption Review - 9th Edition: Russia Chapter

Although Russia was ranked 137 out of 198 countries on Transparency International’s 2019 Corruption Perceptions Index, sharing the spot with such countries as Mexico, Papua New Guinea and Paraguay, in its Third Round Evaluation Report published on 21 November 2016, the Group of States against...
19 January 2021

Key TCA issues for the energy sector

The EU-UK Trade and Cooperation Agreement (" TCA ") establishes objectives for the energy market by providing for the facilitation of trade and investment between the EU and the UK (the “ parties ”) in the areas of energy and raw materials, and supporting security of supply and environmental...
19 January 2021

UK Export Development Guarantee scheme: supporting UK exporters to access liquidity

An increasing number of UK manufacturing and industrial companies including Rolls-Royce and the UK's two largest airlines have recently turned to UK Export Finance (UKEF), the UK government’s export credit agency for trade finance and insurance, to provide guarantees to assist with accessing...
19 January 2021

Employment and Workplace Relations in Australia Guide 2021

The new edition of our annual Guide to Employment and Workplace Relations in Australia has been published, providing a comprehensive and practical overview of Australian employment regulation.
18 January 2021

What is ahead in 2021? The top four issues facing Australian employers this year

18 January 2021

UK Government's 10 point plan

The UK government recently announced a £12 billion “Ten Point Plan” to lead a “Green Industrial Revolution”. This plan aims to mobilise £42 billion of private investment by 2030 with the aim of reducing UK emissions by 180 million tonnes of carbon dioxide equivalent between 2023 and 2032. The below...
18 January 2021

Beyond Brexit Legal Guide 2021

The UK formally left the EU on 31 January 2020 and the transition period ended on 31 December 2020. The UK and EU trade relationship is now governed by the EU-UK Trade and Cooperation Agreement signed on 24 December 2020.
15 January 2021

Supreme Court hands down judgment in FCA’s Covid-19 Business Interruption Test Case

The Supreme Court has today handed down judgment in the Covid-19 Business Interruption insurance test case of The Financial Conduct Authority v Arch and Others . Herbert Smith Freehills acted for the FCA who advanced the claim for policyholders.
15 January 2021

Dispute Resolution and Governing Law Clauses in Indonesia-Related Contracts

Welcome to the second edition of our essential guide to "Dispute Resolution and Governing Law Clauses in Indonesia-Related Contracts." This edition has been updated to reflect developments in Indonesia.
14 January 2021

Why the Worley court action is a landmark case for boards

A recent landmark court decision on class actions is being interpreted as a signal to boards and directors that they may successfully defend class actions if they can show they took reasonable steps to determine how decisions were made. Herbert Smith Freehills partner Jason Betts, who will host an...
14 January 2021

Decarbonisation of the LNG Supply Chain: challenges and the way forward

Why decarbonisation?
14 January 2021

The Al-Ula Declaration – GCC diplomatic relations restored

In June 2017, Saudi Arabia, the United Arab Emirates (the “UAE” ), Egypt and Bahrain announced that they would sever diplomatic ties with, and cut off transport links to, Qatar. Three and a half years later, the states have agreed to restore diplomatic relations. While details of the reconciliation...