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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.
Canada | Publication | October 3, 2024
As was announced in an earlier update, a second wave of amendments to the Act respecting labour standards (ALS) and the Act respecting industrial accidents and occupational diseases (AIAOD) came into effect on September 27. These changes stem from the coming into force of the Act to prevent and fight psychological harassment and sexual violence in the workplace. Bear in mind that a first series of amendments came into effect on March 27, 2024.
The most significant of the changes in effect since September 27 include the following.
Policies to prevent and manage situations of psychological harassment in the workplace must now comply with the minimum content defined by the ALS. If you haven’t already done so, it is crucial that you revise your policy to ensure it is compliant and thus avoid exposing yourself to a fine.
Also, by no later than October 6, 2025, this policy will have to be included in the employer’s prevention program or action plan.
For more information on the contents of these policies, see our update from last June 28.
New presumptions will be coming into force to alleviate the burden of proof placed on workers:
As was the case before the legislative amendments brought by the AIAOD came into effect, only a health professional designated by the employer has access to the medical records regarding a worker’s employment injury before an application for administrative review is filed. However, the AIAOD now specifies that the designated health professional who reports to the employer once the worker’s medical records have been analyzed may only communicate to that employer the information that is necessary to summarize the record or give an opinion that enables the employer to exercise its rights.
The unlawful disclosure of information by a health professional, as well as the obtaining of (or attempt to obtain) a medical record by an employer, will constitute offences punishable by a fine of $1,000 to $5,000 in the case of natural persons, and $2,000 to $10,000 in the case of legal persons.
It might therefore be advisable to review your practices for handling employment injury files, and to make sure that any external firm you retain or internal health professional is fully aware of these legal obligations.
Finally, note that the time limit for filing a claim with the CNESST for an employment injury or occupational disease resulting from sexual violence was extended from six months to two years.
If you have any questions regarding these new provisions, our labour and employment team is available to assist you.
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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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