Ocean Finance successfully counters allegation of VAT avoidance and abuse after 10 years of litigation

September 25 2020

The First Tier Tribunal in HMRC v Newey [2020] UKFTT has recently delivered its decision on the application of the principles of the EU notion of “abuse of right”, after the matter had been remitted from the Court of Appeal ([2018] EWCA Civ 791).  The case has emerged as an important and high profile authority on this principle, being regularly cited in the Supreme Court and the CJEU,...

One Essex Court shortlisted for The Lawyer Awards 2020

September 23 2020

The Lawyer magazine has today announced the nominees for this year’s Lawyer Awards, and we are delighted to have been shortlisted for Chambers of the Year. The awards ceremony, an “annual recognition of excellence in the legal profession”, will take place online on 3 November 2020.

The Financial Conduct Authority v Arch Insurance (UK) Limited & Others [2020] EWHC 2448 (Comm)

September 15 2020

Judgment in the landmark business interruption insurance test case has been handed down by a first instance court consisting of Flaux LJ and Butcher J. The case was brought by the Financial Conduct Authority as a test case to determine issues of principle in relation to policy coverage under various specimen wordings underwritten by eight defendant insurers in respect of business interruption claims...

Blockchain: Legal and Regulatory Guidance

September 15 2020

A report providing legal and regulatory guidance on distributed ledger technology (DLT) has been published by The Law Society, working in conjunction with the Tech London Advocates’ Blockchain Legal and Regulatory Group.  The report follows the Legal Statement on the status of Cryptoassets and Smart Contracts published by the UK Jurisdiction Taskforce in November 2019.  It suggests best...