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Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Global | Publication | October 2015
On October 19, Canadian citizens aged 18 and over will elect the next federal government. As an employer, what are your obligations? Do you have to give your employees time off to vote?
Under the Canada Elections Act, any employee who is eligible to vote must be allowed 3 consecutive hours to vote on polling day
Newfoundland: 8:30 a.m. - 8:30 p.m.
Atlantic: 8:30 a.m. - 8:30 p.m.
Eastern: 9:30 a.m. - 9:30 p.m.
Central: 8:30 a.m. - 8:30 p.m.[*]
Mountain: 7:30 a.m. - 7:30 p.m.[*]
Pacific: 7 a.m. - 7 p.m.
[*] In Saskatchewan, voting hours are from 7:30 a.m. to 7:30 p.m.
So for example, in the Eastern time zone, if your employees start work after 12:30 p.m. or end work by 6:30 p.m., you are not required to give them time off. Otherwise, you must allow them a period of 3 consecutive hours to vote, at the time of day that best suits you.
Time off must be compensated as though the employees had worked their usual hours.
The requirement to grant time off does not apply to an employee of a company that transports goods or passengers by land, air or water who is employed outside his or her polling division in the operation of a means of transportation, if the additional time cannot be allowed without interfering with the transportation service.
Because voting is so important, stiff penalties are imposed on employers who break the law. An employer who fails to give 3 consecutive hours of time off work to an employee or who deducts any amount from an employee’s wages for time off is liable to a fine of up to $2000 and/or imprisonment for up to three months.
An employer who intimidates or exerts undue influence on an employee or otherwise interferes with an employee’s right to take 3 consecutive hours of time off to vote is liable on summary conviction to a fine of up to $20,000 and/or imprisonment for up to one year and, on conviction on indictment, to a fine of up to $50,000 and/or imprisonment for up to five years.
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In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
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We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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