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.
On 30 October 2020, the Swiss Federal Council announced that the Comprehensive Economic Partnership Agreement (CEPA) concluded between the states of the…
Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new…
InsurTech did not appear overnight. When it comes to collecting and analyzing data to assess risks and calculate exposures and premium payments, insurance companies are the consummate experts. InsurTech is the natural result in two recent developments in the industry. The first development involves the increased availability of data. It…
Baker McKenzie’s EMEA Tax Practice Group presented an overview on “Wealth Management” on 7 July 2020, the fourth in a series of short webinars to keep tax professionals abreast of recent developments in these less than certain times.
In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.
Investigation work is peppered with legal and practical issues for which often there is not one right answer. The circle of professionals in charge of investigation work has been growing over the years and so has the need to connect to ensure we have all relevant issues on the radar…
As a result of the extraordinary situation resulting from the spread of COVID-19 in Switzerland, the Executive Board of the Federal Procurement Conference (FPC) has issued recommendations for the public procurement of goods and services and contractual matters during the current COVID-19 crisis. The main goal is to mitigate the impact of the COVID-19 crisis on the Swiss economy from a public procurement perspective.
The recommendations are valid during the exceptional situation as defined in the COVID-19-Ordinance 2 on measures to combat the coronavirus (SR 818.101.24) and for six months after the end of the exceptional situation.
However, owing to federalism, procurement law is not uniform. The recommendations of the FPC are not legally binding and, thus, the cantons may deviate from them.
Following a recent announcement of the European Commission’s proposal for a three-month deferral of reporting deadlines under the new DAC6 mandatory disclosure regime in the EU and UK, the Committee of the Permanent Representatives of the Governments of the Member States to the European Union (COREPER) has now reached an agreement on a revised proposal which could possibly defer the reporting deadline for six months. On the basis that the draft Directive, once approved, may be adopted at the discretion of each member state, it is imperative that businesses do not delay in preparing to meet their existing compliance obligations should reporting dates not be deferred (or not be deferred in all Member States where they operate).
On 25 March 2020, the Swiss Government, as part of its COVID-19 regulatory framework, adopted a Regulation, which took effect on 26 March, 12:00 AM, requiring a prior license for any exports of medical protective equipment to third countries, except for exports to EU and EFTA Member States.