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In October 2018, the Benczkowski memorandum was published reconsidering the U.S. Department of Justice’s approach to the use of corporate monitors to ensure that monitorships will not impose unnecessary burdens on businesses. Yet since then, practice shows that 50% of Foreign Corrupt Practices Act corporate resolutions still result in monitorships.
Both employers and recruiters who place candidates with employers should note that, in the face of difficult labour market conditions arising from COVID-19 and the Circuit Breaker movement restrictions affecting the conduct of business, MOM continues policies to strengthen job opportunities for Singaporeans to ensure the foreign workforce complements, and not substitute, the local workforce.
Our Latin America Employment and Compensation team is pleased to provide you with this quick guide which includes six key topics when planning to reopen the workplace around 7 jurisdictions in Latin America.
In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them.
The Office of the National Superintendent for Securities issued Notice No. DSNV/CJU/00520 of June 14, 2020, whereby it established the guidelines to continue the activities of the securities market, under the Easing Measures for the National Quarantine Plan (7+7) and the Constitutional State of Alarm generated by the COVID-19 pandemic (“Notice”).
The European Commission published a White Paper proposing to create three new review mechanisms aimed at addressing the potential distortive effects caused by foreign subsidies in the Single market generally; in acquisitions of EU companies; and during EU public procurement procedures. A public consultation is now open until 23 September 2020 during which stakeholders can provide their views on the options set out in the White Paper.
The recently announced Large Employer Emergency Financing Facility (LEEFF) will require loan recipients to report on climate change and sustainability-related risks and opportunities. This reporting will likely require companies to develop forward-looking plans to contribute to Canada meeting its net-zero by 2050 goal under the Paris Agreement.
Our Global PIPE Guide sets out a comparison of the key features and requirements applicable to PIPE deals in a number of jurisdictions around the globe.
From 12 July 2020 the Regulation (EU) 2019/1150 of the European Parliament and of the Council of 20 June 2019 on promoting fairness and transparency for business users of online intermediation services (P2B Regulation) will apply. It will have direct effect in EU member states. Providers of online intermediate services and providers of online search engines that provide their services to businesses in the EU with activities vis-à-vis consumers in the EU should determine whether they are subject to the P2B Regulation and if so, prepare for the new rules of the P2B Regulation.
The Idaho Supreme Court affirmed a District Court’s judgment that the gain from the sale of a 78.54% membership interest in a limited liability company did not constitute ‘business income’ under Idaho Code section 63-3027.
