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 | October 2015
As part of the changes announced earlier this year to Citizenship and Immigration Canada’s International Mobility Program aimed at strengthening employer accountability, starting on October 26, 2015, Citizenship and Immigration Canada (CIC) is introducing a new electronic system, the Employer Portal, to collect information about employers and temporary foreign workers exempt from the Labour Market Impact Assessment (LMIA) process.
Earlier this year, the Government of Canada introduced new regulations aimed at ensuring employers hiring temporary foreign workers exempt from the LMIA process through CIC’s International Mobility Program are subject to a similar level of scrutiny and accountability as employers hiring temporary foreign workers requiring LMIAs through Employment and Social Development Canada’s Temporary Foreign Worker Program.
Previously, employers hiring temporary foreign workers exempt from the LMIA process were required to provide comparatively little information to CIC regarding their employment of temporary foreign workers, making it difficult for CIC to ensure those employers were complying with their obligations to temporary foreign workers.
Since February 21, 2015, employers wishing to hire temporary foreign workers exempt from the LMIA process have been required to both pay a $230 employer compliance fee and provide CIC with information regarding their business and details of the employment offer being made to the foreign national in the form IMM 5802 Offer of Employment to a Foreign National Exempt from a Labour Market Impact Assessment. CIC uses the information employers provide to it through this form to ensure the conditions of the International Mobility Program are being met.
Penalties for employer non-compliance with the program following an inspection may include bans from using the program and administrative monetary penalties.
To date, employers have been required to submit the form IMM 5802 Offer of Employment to a Foreign National Exempt from a Labour Market Impact Assessment to a designated CIC email address. As of October 26, 2015, this form will no longer be accepted and employers hiring foreign nationals exempt from the LMIA process will have to submit the required information directly to CIC through a new electronic system called the Employer Portal. The Employer Portal will be available on CIC’s website beginning on October 26, 2015.
If an employer has already provided a completed form IMM 5802 Offer of Employment to a Foreign National Exempt from a Labour Market Impact Assessment to a temporary foreign worker, it is critical that the foreign national submit his or her Canadian temporary work permit application prior to November 21, 2015. If the temporary foreign worker does not submit his or her application before this date, the employer must resubmit the information using the Employer Portal.
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.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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