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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Canada | Publication | September 27, 2023
British Columbia is expanding legal protections for workers who, because of an injury that arose out of and in the course of their employment, are unable to earn full wages at their pre-injury work. Starting on January 1, 2024, employers engaging with such injured workers will have two new legislative obligations under the Workers Compensation Act (the WCA).
The first duty, the duty to cooperate, requires injured workers and their employers to work with one another, and with WorkSafeBC, to facilitate a safe and timely return to, or continuation of, work. This includes requirements for:
The duty to cooperate will apply to all employers and workers, except where contact with the employer is likely to imperil or delay the worker’s recovery.
The second duty, the duty to maintain employment, applies only where the worker has been employed by the employer for at least 12 continuous months before the injury. Further, it is not applicable to employers who regularly employ fewer than 20 workers, to individuals who are only considered a worker because they are deemed to be a worker under the WCA, or to excluded employers, workers, or industries as prescribed by regulation. If applicable, the duty to maintain employment requires the employer to either:
The employer must also make any accommodation necessary to return the worker to work, up to the point of undue hardship. If the worker’s employment is terminated within six months of a return to work, then the employer is deemed to have breached this duty, unless it can demonstrate that the termination was unrelated to the worker’s injury.
The duty to maintain employment under the WCA ends two years after the date of the worker’s injury if the worker has not returned to work, or is carrying out suitable work, by that date.
Employers should be mindful of these new legislative obligations as they come with the potential for significant cost consequences (including administrative penalties up to the maximum wage rate under section 209 of the WCA, which for 2023 is set at $112,800). It is equally important to be aware that compliance with these new duties does not mean that duties arising from other statutes, such as the duty to accommodate under the British Columbia Human Rights Code, or obligations set out in collective agreements for unionized workplaces, have been satisfied. Those considerations must also be taken into account when managing employee absences from work due to injury.
Publication
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
In the current geopolitical climate, with the imposition of tariffs and associated macroeconomic uncertainty, publicly traded companies across sectors will need to consider the potential impact on their business in the context of their ongoing disclosure obligations.
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In July 2022 the UK Secondary Capital Raising Review published its report (Report) setting out a series of bold and wide-ranging recommendations for improving the secondary capital raising regime in the UK designed to make it quicker, more flexible, more inclusive of retail investors and more cost-effective, as well as moving towards digitisation and making better use of technology.
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