Restructuring is commonly used by employers to weather the economic storm. For a dismissal to be fair, it needs to be for a fair reason (which includes redundancy) and follow a fair process. However, there are additional considerations that an employer should take into account where disabled employees are affected, which, if breached, could result in financial and reputational high value claims against the employer.
Ethnicity pay gap reporting in the UK remains voluntary. For organizations that choose to report this data, the government has now published guidance on how to do so, recommending that they mirror the rules on gender pay gap reporting where possible. The big difference is that ethnicity pay gap reporting involves multiple categories.
The UK Government published on 25 April 2023 its long-awaited Digital Markets, Competition and Consumers Bill. The Bill introduces radical new digital sector regulation – akin to the EU’s Digital Markets Act – in addition to expanding the UK Competition & Markets Authority’s consumer protection powers and introducing significant reforms for the UK competition regime.
by Dimitris Mourkas, Rini Rashid, and Jennifer Revis The UK will introduce a new criminal offence of failure to prevent fraud. The new offence (which is still being shaped as it goes through Parliament), will be included in the Economic Crime and Corporate Transparency Bill and will come into force…
The UK Office of Financial Sanctions Implementation (OFSI) has updated its guidance on enforcement and monetary penalties for breaches of financial sanctions to include a number of paragraphs setting out OFSI’s expectations around the nature and type of due diligence that companies should undertake when assessing whether an entity is owned or controlled by one or more designated persons, for sanctions purposes.
On 17 March 2023, the government published an update on its progress in delivering its Inclusive Britain action plan that it published in March 2022. As part of that update, the government has published guidance for employers on how to take positive action to help people with protected characteristics overcome certain barriers and improve representation in their workforce without falling foul of the unlawful discrimination rules.
Baker McKenzie’s Sanctions Blog published the alert titled New UK sanctions against Russia on 25 April 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Lawmakers have come to the conclusion that new regulations are needed to support the online protection and flourishing of children and young people. This has prompted the recent proliferation of codes, laws, bills and regulatory guidance documents aimed at governing how online service providers must interact with young people. Key examples are the UK Age-Appropriate Design Code and the California Age-Appropriate Design Code Act.
Welcome to our April 2023 edition of the Funds Tax Bites, where we provide a “bite size” overview of the key recent and anticipated tax developments globally that we expect to be of interest to those operating in the investment funds industry.
Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.