log in
Submit an Article | Back

Member Articles

Selected Filters:
Practice Industry: Employment & Labor, Financial Services

Sort By Title  |  Sort By Date

FATF Releases Review of Virtual Asset and Virtual Asset Service Provider Standards
MinterEllisonRuddWatts, July 2021

On 5 July the Financial Action Task Force (FATF) released its Second 12-Month Review of the Revised FATF Standards on Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) (Second Review). This looked primarily at the implementation of standards set by the FATF by members of both the FATF and FATF-Style Regional Bodies (FSRBs), as well as changes within the VA sector...

Transitional Compliance Period for New AML/CFT Nominee CDD Obligations
MinterEllisonRuddWatts, July 2021

The Reserve Bank of New Zealand, the Department of Internal Affairs, and th eFinancial Markets Authority (together, the AML/CFT Supervisors), supported by the Ministry of Justice, released a statement providing a transitional compliance period (until 29 April 2022) for the new customer due diligence obligations in respect of nominee directors and nominee general partners...

Six Vaccination Considerations for Your Post-Covid Return-to-Work Plan
Schwabe, Williamson & Wyatt, July 2021

The worst of the Covid-19 pandemic appears to be behind us and companies everywhere are developing their return to work plans. As states look to reopen (many, like Oregon, are already open, and others are in the process of reopening), employers must make decisions about vaccination and masking requirements that comply with federal, state, and local laws...

How to Cover Multiple Facilities with a Single Loan under HUD’s Lean Program
Dinsmore & Shohl LLP, July 2021

The Multifamilly and Healthcare Facility divisions of HUD are a bit like two different dialects of the same language; both offer mortgage insurance under the Federal Housing Administration, but each has its own distinct rules and conventions on underwriting, closing and asset management. Being conversant in one dialect doesn’t necessarily equip you to get by in the other...

California Legislation Extends Protections for Tenants Experiencing COVID-19-Related Financial Distress; Broadens Financial Assistance for Eligible Landlords and Tenants
Hanson Bridgett LLP, July 2021

Key Points Eviction protections that were set to expire June 30, 2021, have been extended to September 30, 2021. New notice requirements took effect on July 1, 2021; additional notice requirements take effect on October 1, 2021. Governmental rental assistance is now available to pay 100 percent of a qualified tenant's rent. On June 28, 2021, California Governor Gavin Newsom signed Assembly Bill 832 into law, effective immediately...

CA DFPI Issues New Round of Proposed Rules for Transitioning Existing CA Financing Law Licensees to the NMLS Platform
Buchalter, July 2021

Back in November 2020, we reported the CA Department of Financial Protection and Innovation (“CA DFPI”) as administrator of the California Financing Law (CFL) License had published a third round of proposed rules to transition the CFL License administration to the Nationwide Multistate Licensing System (NMLS) electronic portal. The target date for completing this transition would be July 1, 2021...

Steps to a Successful Venture Capital Financing Round
Lavery Lawyers, July 2021

An entrepreneur who invests time and energy raising the funds necessary to launch a startup, usually from family and friends (love money), will necessarily want their startup to grow exponentially. Achieving exponential growth requires always more capital, and so the entrepreneur will need to find additional sources of financing. One of these could be venture capital financing...

SFC Publishes New Guidance on ESG Fund Disclosures
Deacons, July 2021

On 29 June 2021, the Securities and Futures Commission (SFC) published a revised circular (Revised Circular) to provide guidance to managers on enhanced disclosures for authorised funds which incorporate environmental, social and governance (ESG) or climate change or green or sustainability factors (together, ESG factors) as a key investment focus (ESG funds)...

Following On From Pride Month 2021: A Toolkit for Allies
Shoosmiths LLP, July 2021

Following Pride Month celebrating the full spectrum of LGBT+ identities, I thought it would be helpful to give you my top tips on how to be an effective and supportive ally to LGBT+ people in your life all year round. I hereby name it the “Ally Toolkit” with three simple steps: Challenge yourself and others: This is my number one. I urge you, to challenge stereotypical thinking. whether it's conscious or unconscious, and whether it's your own or someone else’s...

What Should Businesses Do About the Recommendation to Wear Masks in Indoor Public Spaces Until Fully Vaccinated?
Lawson Lundell LLP, July 2021

B.C.’s Provincial Health Officer, Dr. Bonnie Henry,[1] and the Public Health Agency of Canada,[2] have recommended that individuals who are not fully vaccinated[3] continue wearing masks in indoor public spaces. At the same time, public authorities are providing little to no guidance on how or when businesses can continue mask requirements...

Impermanent Residency
TSMP Law Corporation, July 2021

As Singapore’s economy gears up for the new normal, the government may need to relook at how it attracts foreign talent, and how it values those committed to setting up home here for the long haul. My friend P was born near Vladivostok, in what was then USSR. When he was 12, his shipping executive father uprooted the family and moved to Singapore on a two-year contract, which was then renewed over and over...

What are Employers’ and Employees’ Remote Working Rights (and Responsibilities) during Adjusted Alert Level 4?
ENSafrica, July 2021

The rapid rise in COVID-19 infection rates and a shift to Adjusted Alert Level 4 in South Africa have heightened many employees’ fears and reluctance about physical work interactions, returning to and/or continuing to work in traditional workplaces. Employers must prepare to manage these concerns properly and be informed of their rights and obligations regarding remote working arrangements. The stakes have never been higher...

Digest of Key Judgments Concerning Remote Work
ALRUD Law Firm, July 2021

Please find, herein, our latest up-to-date digest of the most significant court decisions, concerning remote work. Here are the precedents of regional judicial authorities, in 2020 and 2021, including the decisions of first instance courts establishing the approach on the new regulations of remote work, as of January 1st, 2021. 1...

Digest of Key Judgments Concerning Remote Work
ALRUD Law Firm, July 2021

Please find, herein, our latest up-to-date digest of the most significant court decisions, concerning remote work. Here are the precedents of regional judicial authorities, in 2020 and 2021, including the decisions of first instance courts establishing the approach on the new regulations of remote work, as of January 1st, 2021. 1...

Phase 3: Has Your Workplace Transitioned its COVID-19 Safety Plan to a Communicable Disease Prevention Plan?
Lawson Lundell LLP, July 2021

On July 1, 2021, B.C. moved into Step 3 of its COVID-19 Restart Plan. As part of this phase, B.C. employers are no longer required to maintain a WorkSafeBC approved COVID-19 Safety Plan. Instead, they are required to transition to a Communicable Disease Prevention Plan.  What is a Communicable Disease Prevention Plan? It is a plan that outlines the steps an employer is taking to reduce the risk to their workers from communicable diseases in their workplace...

Doing Business in Peru - REM
Rodrigo, Elias & Medrano Abogados, July 2021

For the past 25 years, Peru has been undergoing comprehensive economic growth, followed by a modernization and development process, which includes the establishment of a reliable legal framework geared towards maintaining the stability required to promote private sector activity and investment. This continuous growth has been the best incentive to attract substantial foreign investment in various industries...

Fail to Report your Money Laundering Suspicions: The Risk of Prosecution has Increased
Shoosmiths LLP, July 2021

On 2 June 2021 the Crown Prosecution Service (‘CPS’) revised their guidance and policy on the prosecution of regulated sector failure to disclose cases under section 330 of the Proceeds of Crime Act 2002 (‘POCA’)...

Supreme Court Clarifies the Scope of Duties for Professional Advisers
Shoosmiths LLP, July 2021

The cap may no longer fit - In a welcome and well-reasoned decision from the Supreme Court in the case of Manchester Building Society -v- Grant Thornton, the scope of duty and extent of liability of professional advisers has been comprehensively reviewed and clarity provided. The Manchester Building Society (“MBS”) claim related to a claim against Grant Thornton (“GT”) regarding auditing and accounting advice it provided...

FMC and Superintendence of Pensions Publish, for Public Consultation, New Joint Regulation on Social Security Financial Advisory
Carey, July 2021

Considering the recent amendments on social security matters introduced by law 21,314 -especially those set through its article 4- on June 25, 2021, the Financial Market Commission (“ FMC ”) and the Superintendence of Pensions (“ SP ”) opened a public consultation process on a new regulation, to rule social security financial advisory (the “ Regulatory Proposal ”)...

Shearn Delamore & Co.: Newsletter-June 2021
Shearn Delamore & Co., July 2021

Financial ServicesTransition from LIBORIn this article, Krystle Lui Shu Lin reports on the transition from LIBOR rates to risk-free rates...

Cambodia: Additional Measures to Support Private Sector Workers & Revive the Post-COVID-19 Economy (Round 9)
DFDL, July 2021

On 29 June 2021, the Royal Government of Cambodia (“RGC”) implemented ‘Round 9’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia. The RGC noted that COVID-19 situation continues to evolve alarmingly with the recent mutation of the virus, which has added socio-economic pressures to many countries around the world...

Overseas Investment Amendment Act 2021: The Second Amendment
MinterEllisonRuddWatts, July 2021

Today marks another milestone in the constantly changing landscape of the Overseas Investment Act 2005 (the Act), with the coming into force of several of the provisions of the Overseas Investment Amendment Act 2021 as part of the Government’s stated intention to reduce the number of ‘lower risk’ transactions requiring consent, and better manage higher risk transactions and/or assets of significance. Our previous news alert summarising these new changes can be seenhere...

How the Surinder Singh UK Immigration Route Can Help Families Returning from the EU after Brexit
Shepherd and Wedderburn LLP, July 2021

In this article first published by The Federation of European Independent Financial Advisers, Jacqueline Moore, Head of Immigration, explains a time-limited opportunity for certain family members of British citizens to utilise a route known as “Surinder Singh”. Prior to Brexit, European free movement allowed British citizens to live and work in the EU without restrictions...

Chilean Central Bank Launches Public Consultation on Proposed Amendments to Chapters III.B.1 and III.D.1 of the Compendium of Financial Regulations
Carey, July 2021

On June 29, 2021, the Central Bank, pursuant to the resolution reached by its Board in the meeting held on June 24, 2021, launched a public consultation on proposed amendments to Chapters III.B.1 and III.D.1 of the Compendium of Financial Regulations (“CFR”)...

Quarterly Case Law Update: July 2021
Shoosmiths LLP, July 2021

In our third quarterly case law update for 2021, we look at some of the key cases published since April 2021 and consider the lessons we can learn from them. Health and Safety Related Dismissals Over the past six months, we have seen the emergence of a series of cases related to health and safety dismissals. Unsurprisingly, several of these relate to Covid-19...

 

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2021