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 […]
Following the growing coronavirus outbreak which continues to upend life across the globe, face-to-face meetings of the Board of many public bodies and organizations are no longer an option. Unless there is no any specific law or regulation governing the meetings of the public body or organization concerned, the question which arises is whether an […]
The European Data Protection Board (the EDPB) has been actively cooperating with the National Supervisory Authorities in an effort to implement a more harmonized approach regarding standard contractual clauses (SCCs) for contracts between controllers and processors used internationally. The Legal Framework The SCCs are used when the data controller or data processor transfers personal data to […]
As the novel coronavirus (COVID-19) outbreak continues to evolve, Cyprus authorities adopted different measures in order to prevent the spread of the coronavirus (COVID-19) and to strengthen the economy. The measures affected, among others banking and other institutions active in the banking sector.
Our Senior Associate Dr. Panagiotis Tsangaris contributed the Cyprus chapter in the book Sanctions in Europe published by WorldECR. The book examines the national regime implementing sanctions and restrictive measures in each EU Member State, including the responsible agencies, the conduct of investigations, the grant of licences, the domestic record of sanctions investigation and enforcement.
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.
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 […]
Bird & Bird is to withhold a portion of its partners’ upcoming quarterly profits as a precautionary measure against the economic fallout that might stem out of the Covid-19 health crisis. A percentage of quarterly profit distributions will be devoted to a reserve created to sustain the business for the duration of the crisis. A […]
Womble Bond Dickinson is placing some of its non-fee-earners on furlough in response to the coronavirus pandemic, while it has also deferred partner distributions. The Lawyer understands that one-third of UK staff have been placed on furlough leave, however, their salaries will be topped up to 100 per cent, the firm said. In response to the […]