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I. Change in the labour law. Abolishing the obligation of the pre-employment health examination
Romania: Cross-Border Conversions: A Realistic Way to Expand Companies' Restructuring Possibilities?In recent years, companies have consistently attempted to extend the scope of their structuring possibilities by trying to cross the borders into other member states for various reasons ranging from a more flexible legal framework to a better market environment and investment climate. read more...
Over the years Malta has evolved from a traditional, debtor friendly civil law jurisdiction into an increasingly financier friendly jurisdiction that offer many of the flexibilities typically associated with common law jurisdictions. These developments have been spurred by (and have spurred) the growth of the aviation and maritime industries in Malta, as well as the country’s emergence as a reputable financial services centre. This article provides an overview of the core Maltese legal concepts which are of interest to banks and other financial institutions lending money in or from Malta.
It is fair to say that AIFMD was not very well received by the Maltese burgeoning industry when it was first announced in April 2009. The initial draft appeared to have been drafted hastily and did not take into account certain characteristics of the local regulatory regime (such as the availability of self-managed fund structures) leading many to speculate that the Directive could disrupt the growth of the Maltese funds industry.Another issue that arose during regulatory gestation of the directive was the requirement for full scope AIFMs to appoint a single depositary for each AIF it manages, in the jurisdiction where the AIF is domiciled; a requirement which, due to the, at the time, limited depositary infrastructure could also have dampened growth.
Practical Law Company has published a table on drug/substance abuse testing of employees , which sets out whether or not employers can carry out drug/substance abuse testing on employees both before they are employed, and during their employment in 28 jurisdictions.
Published: 7 Apr 2015 at 06.00
In recent years, the country ́s the government has been committed to improving Taxation in Nicaragua and attempting to follow the legislative model used by some of the other countries in the region. Starting January 1st, 2013, a new tax law (Law No. 822, Tax Concertation Law) came into force in and completely changed the taxation system in Nicaragua. Two years later a new law was issued by the National Assembly containing more than 80 amendments, additions and repeals (Law No 891) which came into force December 18th, 2014.
The registry of the General Direction Collective Labour Relations has published a list on the website of the FPS with points of attention with respect to completing and filing an act of accession for the introduction of non-recurring results-related benefits.
As of today, 1 April 2015, Joint Committee no. 218 is replaced by Joint Committee no. 200. There are almost no practical implications for both employees and employers.
I. Change in the labour law - Abolishing the obligation of the pre-employment health examination read more...