Crisis response or road to recovery?
Global businesses have implemented strategies to ensure they can continue to operate in a rapidly changing and increasingly uncertain legal and regulatory landscape. Since the beginning of the pandemic in 2020, it has been increasingly clear that operational resilience and a clear strategy remain essential for organizations not only to survive, but to thrive. While protecting public health still remains the priority, many organizations continue to face challenges, including disruption to their supply chains, meeting contractual obligations, bringing people back to the workplace and implications under funding arrangements. Many of these issues need to be navigated on a cross-border basis.
This global resource hub identifies the key issues and provides practical guidance as well as innovative and strategic thinking from our lawyers around the world on the legal and regulatory challenges. Our multi-disciplinary team takes a holistic approach to risk management that spans business units, areas of law and national boundaries.
The clock is ticking: Federal employers to post pay equity plans by September 3, 2024
As many federally regulated employers are aware, the Pay Equity Act (the Act), which came into force in 2021, requires that all federally regulated employers with 10 or more employees prepare and post a pay equity plan by September 3, 2024.
The Turkish Technology Ecosystem: Digital banking era
With its tech-savvy population, Turkey is no exception to the worldwide shift in customer preferences toward digital platforms.
Review of Australia’s Modern Slavery Act: From an obligation to report to an obligation to act
The statutory review of the Modern Slavery Act 2018 (Cth) (the Act) led by Professor John McMillan AO commenced on 31 March 2022.
FCA reminds borrowers struggling to meet payments that help is available from lenders
On 17 May 2023, the FCA published selected statistics from its latest Financial Lives cost of living survey, carried out over the six months to January 2023, to give an insight into the financial situation UK adults experienced during that period. The FCA found that the number of people struggling to meet bills and credit repayments has risen by 3.1m since May 2022 and reminded borrowers that they can seek help from their lenders if they are struggling to keep up with payments.
AML: Council adopts rules which will make cryptoasset transfers traceable
On 16 May 2023, the Council of the EU issued a press release stating that it had adopted the Regulation on information accompanying transfers of funds and certain cryptoassets and amending Directive (EU) 2015/849 (recast). The Council agreed its position on the proposed Regulation on 1 December 2021. Trilogue negotiations started on 28 April 2022 and ended in a provisional agreement on 29 June. The formal adoption on 16 May 2023 is the final step in the legislative process. The Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU. The Regulation applies from 18 months after the date of entry into force.