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In Corporate Compliance

European Union: Commission proposes to pay transparency rules to secure equal pay

by , and 7 Mins Read

The EU Commission has proposed a directive that would reinforce the entitlement to equal pay for men and women for the same work, or work of equal value, including by giving employees the right to comparative pay information and by requiring gender pay gap reporting for employers with 250+ employees, amongst other measures. Some EU member states already have aspects of these rules, while others do not, meaning that the rules could be a significant additional compliance burden for some organisations. The rules, if adopted, would be unlikely to come into force before late 2024.

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In Corporate Compliance

Europe: EU Commission proposes new regulation for sustainable batteries

by , and 7 Mins Read

On 10 December 2020, the European Commission published its proposal for a new Sustainable Batteries Regulation (“Regulation”), as part of its wider strategy for a climate-neutral, resource-efficient EU economy. The draft legislative proposal aims to ensure that all batteries placed on the EU market are sustainable, circular and safe, by introducing specific requirements across different stages of the product life cycle as well as new CE marking requirements for batteries. It represents a sweeping overhaul of the existing regulatory framework for batteries in the EU, with potentially significant implications for manufacturers, producers, importers and distributors of batteries and products containing batteries.

In AML & Financial Services Regulatory

The Netherlands: STS framework for synthetic securitisations

by and 7 Mins Read

The EU has determined that securitisation can soften the negative economic impact of the pandemic and assist in the recovery from this impact. The European Commission proposals to amend Regulation (EU) 2017/2402 (“STS Proposal”) and Regulation (EU) No 575/2013 (“CRR Proposal”) are intended to preserve the ability of banks to continue lending to companies, especially small and medium-sized companies, by updating the current securitisation regulatory framework. Within the sophisticated Dutch securitisation market, some Dutch credit institutions have already been exploring synthetic securitisations. As a result of the introduction by the STS Proposal of a specific framework for simple, transparent and standardised synthetic on-balance-sheet securitisations, we expect many more to follow this path.

In Corporate Compliance

United Kingdom: Human Rights Act Review: Signalling a rollback of regulation and judicial oversight post Brexit?

by 7 Mins Read

Corporates interested in the degree of regulatory oversight likely to operate in the UK post Brexit will be watching the ongoing review of the Human Rights Act 1998 (HRA) with interest. It may signal a dilution of the protections to individual rights contained in the HRA, including the commitments to observe rights in legislation and operation of public functions, as well as the ability to challenge failures to do so via the courts.

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In Corporate Compliance

International: HR Trend Watch – Closing the gap

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Closing the Gap: The EU Pay Transparency Directive 

As more companies embrace inclusion and diversity as a board level priority and take progressive steps to build a more inclusive workforce we are seeing an evolution in equal pay laws across the globe as  lawmakers respond to the need to close the diversity gap.

Most recently, the European Commission has proposed a directive aimed at requiring pay transparency, which, if passed, would affect each of its 27 member states. We outline the key proposals and their impact on European employers below and highlight additional recent global developments in equal pay. 

In Anti-Corruption

United States: This Week in Government Enforcement

by 2 Mins Read

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.

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In Asia-Pacific

Webinar Invitation | Doing Business in Myanmar in the Midst of New Sanctions – 23 March 2021

by , , , , and 1 Min Read

Recent political developments in Myanmar have led to the imposition of targeted sanctions by the US, UK and EU in the past month. As a result of the measures imposed, businesses may face immediate challenges in doing business in, or with, the state. Join our speakers as they provide insights…

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