Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
With more organisations growing their global footprint there is a greater need now to consider employment and labour laws across multiple jurisdictions. As businesses expand and people move around the globe it is essential for organisations to know, understand and comply with these laws. This not only maintains a culture that attracts, retains and motivates talent, but also protects your business against unnecessary risk, whether legal, financial or reputational.
We have developed the ‘Global employment law’ guide as part of our NRF Institute to provide our clients with an important tool to help assess and compare HR risk and compliance in the areas in which they operate. The guide provides a high-level summary of employment and industrial relations across 28 jurisdictions. Each chapter focuses on employment issues often faced by senior management and boards relevant to the jurisdiction.
You can use the guide to:
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On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).