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Finding Balance: The Post-Covid Landscape for Financial Institutions

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COVID-19 represents one of the greatest ever shocks to our economies and, in consequence, to the business models of financial institutions and the way...

Baker McKenzie’s Demystifying ESG Webinar Series – SFDR and ESG regulation for financial institutions

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With less than three months to go before the EU Sustainable Finance Disclosure Regulation (SFDR) comes into force on 10 March 2021, this recorded webinar covers the practical steps that firms should be taking now to comply, with a focus on how UK and other non-EU firms can navigate scope issues and the expectations of EU-based clients, investors, and regulators. It focuses in particular on the governance, documentation and data collation steps that firms should be taking now, and the way in which we expect market approach to develop over the next 12-24 months. We also cover the direction of travel in the UK and Switzerland in relation to ESG, green taxonomies, and TCFD compliance. We are joined on this webinar by ECO:FACT, a data-driven ESG advisory firm that has been helping clients understand environmental and human rights risk since 1998

Europe: Post-COVID-19 Cross-border remote working: managing tax risks

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The pandemic has impacted our lives in many ways, but for many of us, one of the most affected areas has certainly been work.COVID-19...

Switzerland: Swiss Legislative Package on DLT

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On 25 September 2020, the Parliament adopted the "Federal Act on the Adaptation of Federal Law to Developments in the Technology of Distributed Electronic Registers." With this law, various federal laws are selectively adapted, enabling Switzerland to continue to distinguish itself as a leading, innovative and sustainable location for projects in the field of blockchain or distributed ledger technology (DLT). The associated ordinance is currently in the consultation phase until 2 February 2021.

Switzerland extends sanctions against Belarus

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On 11 December, the Swiss Federal Council extended sanctions against Belarus. Financial sanctions and travel bans were imposed on 15 individuals, including President Alexander...

Switzerland: ESG reporting and due diligence requirements

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On 29 November 2020, Swiss voters opted for the introduction of EU-style ESG reporting and due diligence requirements and against the so-called Responsible Business Initiative. While the initiative would have added teeth to the civil liability regime for the violation of international human rights and environmental standards across the supply chain, the substantive requirements regarding ESG reporting and due diligence across the extended enterprise are not any lighter under the chosen approach. We expect that affected companies will have to apply the new requirements in financial year 2023.

Switzerland: EU Sustainable Finance Disclosure Regulation / How does it affect the Swiss Market?

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Please join us for a new weekly video series, hosted by Baker McKenzie's North America Government Enforcement partners Tom Firestone and Jerome Tomas.This weekly briefing is available on demand and will cover hot topics and current enforcement actions related to white collar crime and criminal investigations in the US and abroad to arm you with the information you need to start your business week.As one of the largest global law firms, we will call upon our exceptionally deep and broad bench of white collar experts throughout the world and particularly in the commercial hubs of Europe, Asia, Africa and Latin America to join our weekly discussion series.These briefings will cover:High-profile DOJ case updates and implications SEC enforcement developments  CFTC enforcement developments Other white collar defense industry developments 

Mexico: President of Mexico submits a draft bill to ban subcontracting (Outsourcing)

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On 12 November 2020, the President of Mexico, Andrés Manuel Lopez Obrador, submitted a draft bill to Congress that would prohibit the subcontracting of personnel and regulate the performance of specialized services and works. The draft bill, if passed, would reform the Federal Labor Law (FLL), the Social Security Law, the Law of the Institute of the National Workers' Housing Fund (INFONAVIT), the Federal Fiscal Code, the Income Tax Law and the Value Added Tax Law.

Switzerland: CEPA between EFTA and Ecuador to enter into force on 1 November 2020

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On 30 October 2020, the Swiss Federal Council announced that the Comprehensive Economic Partnership Agreement (CEPA) concluded between the states of the European Free Trade Association (EFTA) and...

Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...
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