Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | November 2018
On October 23, the Ontario government announced its much-anticipated legislation on employment and labour law matters. The legislation, dubbed the Making Ontario Open for Business Act, 2018 (Bill 47), will remove or modify many of the obligations placed on Ontario employers by the Fair Workplaces, Better Jobs Act, 2017 (Bill 148). Please see the summary below for an overview of the changes to the Employment Standards Act, 2000 and the table that follows for a more thorough review. For the Ontario Ministry of Labour’s backgrounder on the issues, please click here. For the full text of Bill 47, please click here.
Bill 47 will repeal the right of employees to have their rate of pay reviewed by employers. Additionally, employers will no longer be required to provide a written response with reasons if an employee does request a review of his or her rate of pay.
Table of changes
Subject Matter |
Current Entitlement under the Employment Standards Act |
New Entitlement (Bill 47, once enacted) |
Minimum Wage |
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Scheduling |
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Personal Emergency Leave |
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Leaves, Generally |
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Employee Classification |
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Public Holiday Pay and Vacation Time/Pay |
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Equal Pay for Equal Work |
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Penalties for Contravention |
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Wage Review |
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Scope of Act |
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Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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