On December 29, 2023, the Standing Committee of the National People's Congress (the "NPC") formally adopted revisions tothe Company Law of the People's Republic of China(the "Revised Company Law"), which will come into effect on July 1, 2024. China's Company Law was first adopted in 1993 and has since undergone several rounds of revisions over the last 30 years ...
Employees have a statutory right not to suffer discrimination in the workplace; religion and belief is one of nine characteristics that are protected by discrimination legislation. We focus on this characteristic and the key issues employers face. What the law says Direct and indirect discrimination, harassment and victimisation are collectively referred to as prohibited conduct under the Equality Act 2010 (the Act) ...
Mamo TCV Advocates is pleased to announce the promotion of Laura Spiteri and Julian Fenech Adami to the position of Senior Associates. Laura joined Mamo TCV Advocates as a trainee in 2015 and, after completing her post-graduate degree, transitioned to the Antitrust and Competition Law department as an associate ...
Carey Olsen amongst finalists for offshore law firm of the year at The Asia Legal Awards Now in its 11th year, The Asia Legal Awards celebrate top lawyers and firms which have carried out the most complex, outstanding legal work in Asia, as well as recognising the most significant deals and transactions to be completed in this region over the past year ...
SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) Partner Aaron Roi “Ace” Riturban and Special Counsel Catherina “Kate” Fernandez discuss the current regulatory framework as well as recent legal developments governing the mining industry in the Philippines. Tune in here:https://chambers-podcast.zencast.website/episodes/developments-in-the-mining-industry-in-the-philippines Continue reading here:https://chambers ...
As discussed in our February 4, 2022 client alert and our December 15, 2022 client alert, certain legal entities are now subject to new reporting requirements in the United States about their beneficial ownership pursuant to the requirements of the Corporate Transparency Act (the “CTA”). As mandated by the CTA, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule (the “Final Rule”) to implement the CTA ...
On 31 January 2024, the UK government will bring into force HM Treasury’s proposed reforms to the financial promotion rules. The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO) contains restrictions on the issue of communications which amount to “promotions” of investments in securities ...
As employees start to push the boundaries and consider travelling abroad to profit from a ‘working vacation’, it is essential that UK employers are aware of their obligations and the checks that must be carried out. Visa requirements should not prove an issue if the employee is remaining within the UK, but there are numerous visa considerations and contractual terms that should be reviewed before approval is given to work overseas ...
Recent bills in the U.S. House of Representatives and Senate demonstrate legislators’ concerns about several issues related to nonprofits, including: (1) admissions practices at institutions of higher education; (2) cross-border grantmaking by U.S ...
In August 2023, we reported on the government’s announcement of an increase to civil penalty fines for employers and landlords who employ or let properties to foreign nationals who do not have the right to work or reside in the UK. The Home Office has now communicated that the increase to civil penalty fines for employers and landlords will come into force on 13 February 2024 ...
If you have checked your licences overnight you may have seen the unexpected news from UK Visas and Immigration. They have published a notification on the landing page of the Sponsor Management System (on 24 January 2024) informing sponsors that they are removing the requirement to renew a sponsor licence. This impacts sponsors whose licence was due to expire on or after 6 April 2024. Those whose licence expires before this date will need to renew as usual ...
This article looks at current trends in UK mid-market debt finance and what we anticipate for 2024. Businesses have faced a perfect storm of challenges in the last twelve months: slow economic growth, rising interest rates, geopolitical unrest and struggles to curb inflation. Despite all that, Q4 of 2023 was a busy one, with a definite uptick in new deals off the back of more positive economic news towards the end of the year ...
In a recent circular addressed to Company Service Providers (“CSPs”), the Malta Financial Services Authority (the “MFSA”) announced a number of changes to the Rulebook for Company Service Providers (the “Rulebook”), effective January 23rd January 2024. These changes aim to simplify and enhance the regulatory submission process for licensed CSPs, impacting submissions due in 2024 and thereafter ...
Carey Olsen advises on launch of new private capital administration business, Palmer Palmer was founded by chief executive officer Martin Schnaier, chief financial officer James Ireland, chief legal officer James Bermingham, chief commercial officer Jason Bingham and chief technology officer Phil Godley. All have previously held senior leadership positions in the industry, including at FTSE 250 company, Sanne Group plc, prior to its take-private in 2022 ...
SyCipLaw Senior Partner Leslie C. Dy and Senior Associate Mark Kevin U. Dellosa provide an update on labor laws and employment rights in the Philippines in a special report published by Conventus Law. Contractualization and Workers' Rights SyCipLaw:Contractualisation may relate to the engagement of job contractors to perform services for a principal or the engagement of workers under short-term contracts ...
Please note the following press release. This press release is available at our homepage. A Hamburg-based HEUKING team led by new Equity Partner Christoph Prochnau, LL.B., legally advised bigmed Beratungs GmbH & Co. KG on the sale of digmed GmbH to LOGEX Healthcare Analytics AG. Founded in 2008 by anesthetist Dr. Enno Bialas, digmed is a leading provider in the analysis of operating and surgical processes in hospitals in the German-speaking region ...
On August 11, 2023, the Court of Appeal of Quebec handed down a decision in CFG Construction inc. c. R.,1 dismissing the appeal of the guilty verdict against an employer, CFG Construction inc. (?CFG?), for criminal negligence having caused the death of one of its employees. This decision serves as a reminder of the potential criminal liability of an employer, depending on its legal form, for the death or bodily injury of its employees in the workplace ...
Fintech companies and their partners are on alert as a flurry of new state and federal cybersecurity requirements take effect. The New York Department of Financial Services (NYDFS) and the Federal Trade Commission (FTC) both recently finalized changes that will create additional compliance obligations, expand existing regulations to new entities and mandate that banks and fintech firms move quickly to update their cybersecurity policies and incident-response capabilities ...
Carey Olsen Hong Kong celebrated in The Legal 500 2024 Guide Hong Kong managing partner Michael Padarin and partner Jeremy Lightfoot have maintained their place as 'Leading Individuals' for the second consecutive year. Michael, who leads a "commercial and responsive" team was described by clients as "committed and completely reliable" whilst Jeremy was recognised for being "responsive and easy to deal with" ...
Please note the following press release. This press release is available at our homepage. A HEUKING team, led by Munich-based Partner Boris Dürr, advised PRIMEPULSE SE on the sale of its majority stake in publicly listed KATEK SE to Kontron Acquisitions GmbH, a wholly owned subsidiary of publicly listed Kontron AG. The transaction involved the sale of roughly 60% of all KATEK shares at a price of about EUR 130 million ...
Dear Ladies and Gentlemen, In 2020, Articles 248.1 and 248.2 of the Russian Arbitrazh (State Commercial) Procedure Code (“APC RF”) took effect to provide additional judicial protection for Russians due to foreign sanctions (restrictive measures). We have addressed these ****new statutes****, ****their initial application by Russian courts****, as well as the precedent-setting Russian Supreme Court ruling in the ****Uraltransmash v. PESA**** case in our previous newsletters ...
The beginning of the new year 2024 is a good time to look back to 2023 and to have a look at upcoming changes within the field of employment law. In this article, we will wrap up the previous year by examining two relevant employment law precedents issued during the last months of 2023 and discuss some of the legislative reforms that are expected during 2024 ...
