Marriage and civil partnership discrimination occurs when someone is treated unfairly or differently because of their marital status. We explore the causes, effects, and legal implications for employers of this form of discrimination in the workplace ...
On May 7th, 2024, the President of Chile sent a bill (the “Bill”) to the Chamber of Deputies aimed at reactivating tourism and promoting the audiovisual industry, in order to revitalize one of the most affected sectors by the Covid-19 pandemic and to close the gaps that still exist in the arrival of foreign tourists to our country ...
Simplified Stock Companies (SAS) have been implemented in El Salvador as a corporate solution aimed at micro-entrepreneurs and informal sector merchants who, due to entry barriers established in various regulatory bodies, were discouraged from forming a traditional corporate vehicle (e.g., Corporation, Limited Partnership, Limited Liability Company, among others) to conduct their business. In pursuit of the objective mentioned above, the reforms to the Commercial Code (C. Com ...
Class action lawsuits continue to rise, both in terms of litigation spending and number of cases. Companies reportedly spent US$3.9 billion on class action defences in 2023, surpassing the previous record high, set in US $3.5 billion. Meanwhile, courts have continued their gatekeeping function at the class certification stage. Questions of whether common issues are truly predominant have remained at the forefront, with a continued focus on the presence of ‘uninjured’ class members ...
Carey Olsen announces 2024 Bermuda Scholarship Scheme recipient The scholarship was established four years ago to provide exceptional Bermudian law students with the opportunity to obtain a Commonwealth qualification overseas, before returning home to join the Bermuda Bar ...
Carey Olsen advises on groundbreaking private catastrophe bond The bond was issued from the Randolph Re cell of Aon's White Rock Insurance Company PCC Limited – the first time a catastrophe bond has been issued out of a Guernsey vehicle. Previous Randolph Re catastrophe bonds were all issued out of Aon's Bermuda cell company, White Rock Insurance (SAC) Ltd. structure, making this a first for Guernsey and one of only a few cat bonds issued in this jurisdiction ...
Banks of all sizes should take note of these changes and update policies and procedures to avoid running afoul of new rules and regulations. Here is an overview of some notable changes that have taken place in recent months. The Expansion of Federal Overtime Eligibility A U.S ...
August 14, 2024 By: Wendy Lee A little more than a year ago, on July 23, 2023, the Washington My Health My Data Act (WMHMDA) was passed into law. The law originally went into effect on March 31, 2024, however the compliance deadline for small businesses was June 30, 2024. This law was passed as a reaction to the Dobbs v. Jackson Supreme Court ruling and was designed to protect consumer health data ...
Stine Lettrem joins from her position as partner and head of the national labor law group at KPMG Law. She also has previous experience from BDO Advokater and worked at Simonsen Vogt Wiig from 2013 to 2016. Stine has 15 years of experience as a business lawyer and primarily works with labor law/pensions. She has broad experience in most areas of labor law and has assisted both national and international clients, as well as the private and public sectors ...
One of the great innovations that will bring the new Data Protection Law is the establishment of a new legal basis, leaving behind the consent-law binomial. Notwithstanding the above, the new law will recognize the extreme relevance of the data subject's consent and regulate in depth the necessary requirements for a "valid consent" ...
One of the main challenges that organizations will face is to comply in a timely manner with the requests for ARCO Rights that may be exercised by the data subject. This is one of the main pillars of this new regulation, so it is essential that data controllers know and effectively implement procedures to comply with the regulation. Brief context: Law 19.628 ARCO rights[1], i.e. the rights conferred on data subjects to protect their personal data, are enshrined in our current legislation ...
On 26 July, the UK Financial Conduct Authority (FCA) published two consultation papers, CP24/12 and CP 24/13 (together, the CPs), relating to the new regime for public offers and admissions to trading to replace the existing UK Prospectus Regulation. These proposals are part of a package of measures designed to strengthen the UK’s capital markets; promoting more efficient and effective capital raising for issuers and increasing investor opportunities ...
Shoosmiths has partnered with The Legal 500 as exclusive expert contributing editors and authors across two of their latest Country Comparative guides. These global guides provide detailed information and insight into practice-area-focused laws and regulations in various jurisdictions., and provide an excellent platform to highlight our Technology sector globally, focusing on key areas such as AI, Blockchain & Digital Assets, Connected Tech, Tech Corporate Lifecycle, and Fintech ...
China's pharmaceutical industry is witnessing a notable surge in "pipeline spin-off projects", a model commonly referred to as the "Spin-off-NewCo" or "SON" model. Within the past two months, we've been advising on nearly ten SON projects. Leading pharmaceutical companies in China are more frequently adopting the SON model to separate parts of their pipelines into new, independent companies ...
China's pharmaceutical industry is witnessing a notable surge in "pipeline spin-off projects", a model commonly referred to as the "Spin-off-NewCo" or "SON" model. Within the past two months, we've been advising on nearly ten SON projects. Leading pharmaceutical companies in China are more frequently adopting the SON model to separate parts of their pipelines into new, independent companies ...
Linn Hertwig Eidsheim has over 20 years of experience as a business lawyer, with a background that includes serving as a partner (Financing) at Wikborg Rein and a period as corporate counsel at DNB. Linn has substantial experience and expertise in various types of financing, including the financing of ships, installations, and other assets, as well as export financing ...
Carey Olsen advises Paratus Energy Services on the issuance of a US$500 million senior secured bond This transaction marks one of the largest bond issuances in the Nordic bond market in recent years and was significantly oversubscribed, reflecting robust investor confidence and strong market demand ...
Carey Olsen assists DeFinity Markets in securing JFSC approval for digital assets settlement platform The Jersey subsidiary of the London-based DeFinity Markets group has been operational in the spot foreign exchange market since 2014 and is connected to some of the world’s most prominent banks. The challenger-model will see investment-grade buy and sell-side clients transact with each other using bank-intermediated credit via the prime brokerage desk ...
The primary purpose of the trial period is to assess whether the employee meets the employer’s reasonable performance expectations. Conversely, it gives the employee a chance to determine if the job aligns with their needs and preferences, benefiting from a shorter notice period during this phase. Once the trial period is over, the employee automatically gains full job protection ...
«As Managing Partner, Mona Søyland has made a great effort for Simonsen Vogt Wiig, which has significantly strengthened the firm’s market position. We thank Mona for her great efforts throughout the period and are very pleased that she continues in the partnership», says Peter Aall Simonsen, Chairman of the board in Simonsen Vogt Wiig. Erlend Lous (51) will take over from Mona. Erlend is currently a partner on the Ocean team in Oslo ...
On the 9th of August 2024, the Health and Safety at Work Act, Act XXXIII of 2024 (Chapter 646 of the Laws of Malta) (hereinafter referred to as the ”Act”) was published by Parliament. Upon coming into force, the Act shall repeal the Occupational Health and Safety Authority (“OHSA” or “Authority”) Act (Chapter 424 of the Laws of Malta) and its subsidiary legislation ...
Introduction By: David Balfour The Medical Board of California investigates physicians for potential violations of the Medical Practice Act. If an investigation results in findings of violations, the Board will refer the case to the Attorney General’s Office recommending the filing of an Accusation seeking disciplinary action against the physician’s license ...
Novel technologies that seek to improve quality of life or simplify complex processes offer great promise. For example, medical technologies that detect or cure disease or supply chain technologies that allow for real time understanding of the location or destination of a specific product — make our lives easier and safer. They also pose potentially unforeseen complications ...
Law No. 21,398 (known as the "Pro-Consumer Law"), which amended Law No. 19,496, Consumer Protection Act ("CPA"), reinforced the right of withdrawal in distance purchases, establishing that: Consumers may exercise the right of withdrawal or repentance, within a period of 10 days from receipt of the product, without expression of cause, with respect to all purchases of goods, without conditioning the right to the will of the supplier ...
