12/01/2022
Federal Council sets third-country work permit quotas for 2023
The quotas have not been fully utilized, especially in 2020 and 2021 due to the pandemic.
Government Regulation
12/01/2022
Linklaters partners with Architects of Life on social impact initiative to overcome stigma and empower ex-offenders in Singapore
Empowering people to improve their lives is one of the key strands of Linklaters’ global Social Impact strategy
12/01/2022
Linklaters advises BNP Paribas as arranger, on the first car fleet securitisation of Virtuo, the reference alternative to private cars
This financing is then securitized to senior, mezzanine and junior investors via a fonds commun de titrisation.
12/01/2022
Importance of construction workforce wellbeing highlighted
The Taskforce said ensuring worker health, safety and wellbeing is core to addressing the industry skills shortage.
11/30/2022
Meta GDPR fine levied over data protection by design and default
The enforcement action taken by the Data Protection Commission (DPC) also includes an order for Meta to bring its personal data processing into compliance with the requirements.
11/30/2022
NIS2 cyber laws approved by EU legislators
The NIS2 is likely to have effect in national legislation across the EU by early October 2024 at the latest.
11/29/2022
Cayman Islands: Year-End Obligations
Under the ES Act, a late penalty filing fee of US$6,098 can be imposed together with an additional penalty fee of US$610 for each day an ES Return remains outstanding.
11/29/2022
Central Bank announces Macroprudential Policy Framework for Irish Property Funds
The Central Bank expects that existing Property Funds will make gradual and orderly progress towards lower leverage levels over the implementation period.
11/29/2022
EU adopts new sustainability reporting requirements for companies in and outside the EU
Companies will have to look at the entire value chain in their reports and provide precisely defined key figures.
11/29/2022
Companies House Reform 2022
This proposes measures to reform Companies House and give the Registrar of Companies additional powers to maintain the accuracy of the UK’s record of companies.
11/29/2022
Scottish Government proposes alcohol advertising ban
The restrictions being considered include a prohibition on alcohol sports and event sponsorship.
11/28/2022
EU Court of Justice Blocks Public Access to Beneficial Owner Information: Implications for Bermuda
Bermuda has a comprehensive central register of beneficial ownership information, which is held and maintained by the Bermuda Monetary Authority.
11/28/2022
Cloud gaming and mobile browsers market investigation opened in the UK
Market investigations generally must be completed within 18 months
11/28/2022
Planning measures can supercharge retirement living development
UK government could make some relatively modest but transformative policy changes to the National Planning Policy Framework (NPPF).
11/28/2022
Baker McKenzie, Centro Mexicano Pro Bono, KPMG and Grupo Proeza present the Legal Guide for the Dissolution of Non-Governmental Organization (NGOs)
The guide contains information collected from the different regulations, laws and codes that regulate the actions of NGOs in Mexico
11/25/2022
Delivering legacy life insurance and pension product simplification
The advent of auto-enrolment, ‘Freedom & Choice’ and the regulatory focus on customer outcomes are new challenges facing pension firms.
11/25/2022
Year-End Deadline for Regulated Entities' Whistleblowing Procedures
Of primary note, the 2022 Act requires that all entities initially in scope must have and maintain internal reporting channels and investigation procedures that comply with its requirements from 1 January 2023.
11/25/2022
Achieving legacy pension product simplification through unilateral contract variation
Moving legacy pension schemes to an updated, modern administration platform should generally be in the interests of all affected customers
11/25/2022
Legislation to regulate unfair contract terms in the Bailiwick
It remains to be seen whether legislation regulating this area more widely will follow, perhaps modelled on the LCF Law.
11/25/2022
Infrastructure companies’ corporate governance can be improved with TCFD compliance
Good corporate governance practices are essential for businesses seeking to respond to the challenges posed by climate change and the transition to a net zero economy.