
Publication
Calming the storm after the SVB collapse: Prudential policy the key to stability
The collapse of Silicon Valley Bank, Signature Bank and Silvergate Bank in the last week has caused turmoil in global financial market.
We use cookies and other similar technology to collect data about you to allow us to deliver our online services, measure our website audience and improve your browsing experience. Full details on the cookies we use are set out in our Cookies policy. Please click OK to signify your consent to our use of cookies.
You can withdraw your consent by clicking “manage cookies” and following the instructions shown.
Global | Publication | December 2020
On December 10, 2020, the parliament adopted draft bill 7719 amending Article L. 222-9 of the Labour Code and increasing the minimum social wage by 2.8 per cent.
This new legal provision, which shall come into effect as of January 1, 2021, will have the following consequences:
The current index - 834.76 - remains unchanged.
Amidst Covid-19 pandemic crisis, the government decided as per draft bill 7718 upon a one-time lump-sum capital grant of 500 EUR per employee whose monthly salary is greater than or equal to the minimum social wage and less than or equal to the qualified minimum social wage. Such aid will be granted to certain companies for its employees hired before 31 December 2020 and in service during the first half of 2021. This draft bill is however yet not adopted.
Publication
The collapse of Silicon Valley Bank, Signature Bank and Silvergate Bank in the last week has caused turmoil in global financial market.
Publication
The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.
Publication
Starting our series of legal FAQ on Polish on real estate market, in which we address questions often raised by the investors, we would like to begin with a popular topic – PRS (private rented sector). Counsel in the Warsaw real estate team, Jan Wszołek, PhD is commenting on most relevant market and legal issues.
Subscribe and stay up to date with the latest legal news, information and events...
© Norton Rose Fulbright LLP 2023