In light of the COVID-19 virus’ spread in Romania, the President of Romania issued Decree no. 195/2020 declaring a state of emergency in Romania (hereinafter referred to as the “Decree”). The Decree entered into force and generates its effects from the date of publication (i.e. 16 March 2020). The Decree sets up emergency measures with […]
It may be challenging for non-Slovak speakers to understand what the “state of emergency” declared by the Slovak government means, in particular if you are still required to manage your business and/or employees in Slovakia, while having to deal with new challenges that pop-up every day. In an effort to help ensure you have all […]
Law no. 19/2020 on granting days off to parents for monitoring their children in case of the temporary closure of schools (“Law no. 19/2020”) provides that one of the parents is entitled to days off from work in the event that schools are closed due to: a) unfavourable meteorological conditions or b) other extreme situations, […]
In response to the COVID-19 pandemic and the state of emergency introduced in Serbia on 15 March 2020, the National Bank of Serbia (“NBS”) adopted on 17 March 2020 two decisions aimed at protecting Serbia’s financial system: the Decision on Temporary Measures for Protection of the Stability of the Financial System (“Decision on Temporary Measures […]
The outbreak and rapid spread of the COVID-19 has roiled markets and disrupted business, threatening the global and local economies. In an attempt to support local businesses to overcome the crisis related to the effect of COVID-19, Cyprus Government have announced a number of TAX measures, which are yet to be finalized and submitted for […]
By Maxwell J. Brunette and Bruce Graham A new job protected leave was announced by the Alberta government on March 13, 2020. The general details are as follows: Under the Employment Standards Code (Alberta), employees will be entitled to take a leave of 14 days where they are required to self-isolate or are caring for […]
Recent amendments to Bermuda’s Investment Funds Act now require certain investment funds, organized in jurisdictions outside of Bermuda, to be designated and register as “Overseas Investment Funds” with the Bermuda Monetary Authority.
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Shoosmiths is considering cutting down partner and staff working hours by 20 per cent to weather the coronavirus pandemic. The firm has said it is consulting with partners and staff on moving to a four-day week, which will be on a temporary, voluntary basis and entail a 20 per cent cut in pay and benefits. […]
Hill Dickinson and Lewis Silkin are placing some of their non-fee-earners and associates on furlough in response to the coronavirus pandemic, The Lawyer understands. It is understood that one-third of UK staff at both firms have been placed on furlough leave, with the firms taking the decision to use the UK Government’s grant scheme – providing […]
DLA Piper has placed some of its non-fee-earners on furlough in response to the coronavirus pandemic. The firm has furloughed a number of people in its UK property and workplace team. The department provides premises and office services including management and maintenance of DLA’s offices. The firm states that the employees are currently at home […]
McDermott Will & Emery has made a second London hire in a fortnight, this time from K&L Gates. Anthony Fine, previously at K&L Gates for six years, will make the move to McDermott’s City office. He had also spent nine years as a White & Case partner prior to joining K&L. Specialising in the infrastructure […]
Simmons & Simmons is to delay partner distributions, echoing similar measures taken across the legal industry to reduce the impact of the fallout of the Covid-19 emergency. On top of the distribution delay, the firm said every decision about pay and bonuses will be deferred until later in the year. A spokesperson for the firm […]
Partners at Slaughter and May have been told they will not receive their quarterly distributions following a recent management decision. Senior partner Steve Cooke has suspended discretionary distributions to the partnership to ensure the firm can go forward during the Covid-19 crisis. Holiday allocations have also been addressed by Slaughters’ leadership, with everyone at the […]