Be Global — 22 May 2014: global employment law developments
Be Global is DLA Piper’s snapshot of key global employment law developments designed to help you identify legal hotspots across your global operations and assess the impact on your employment practices and procedures.
France: finding a buyer before a shut down — the ‘Florange’ law
As reported in February’s Be Global, the French government has introduced legislation (known as the ‘Florange’ law) imposing an obligation on employers intending to shut down an establishment to search for a buyer before taking any definitive decision about the closure and the implementation of possible collective redundancy measures. The final version of the law came into force on 1 April 2014.
France: limits on use of settlement agreements for mutually agreed terminations
A recent decision of the French Supreme Court means that it is no longer beneficial for an employer to secure a mutually agreed termination with an employee by subsequently entering into a settlement agreement…
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Cour de Cassation quashes decision that disregarded ICC rule on time limits to arbitrator challenges — two takeaways
This milestone decision further limits the scope for French courts to annul arbitration awards and reinforces the efficiency of France-seated arbitral proceedings.
This decision is in line with a possible judicial trend towards enforceability of good faith obligations under English law.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions