By: Janine Guzmán Puerto Rico is a commonwealth of the United States, and due to its political affiliation with the mainland, most federal employment legislation applies on the island along with local laws. The legal scheme becomes even more complex as we consider that Puerto Rico is a highly regulated jurisdiction in the employment context. …
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Doing Business In: Bahrain
Located off the coasts of Saudi Arabia and Qatar, the Kingdom of Bahrain provides a strategic island location in the Arabian Gulf, through which much of the world’s petroleum transits. This natural geographic advantage is being continuously enhanced by new, large-scale infrastructure projects. As the smallest economy of the six-member Gulf Cooperation Council (GCC), Bahrain’s …
In 2023, the revenue of the insurance sector exceeded R$ 600 billion, a penetration rate of 6% of Brazilian GDP. Whilst that may be considered significant, it falls short of the figures for more developed economies, which have an average rate of 10%. The Brazilian rate is nevertheless steadily increasing, a fact that has …
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On 1 January 2023, the long-awaited reform of Swiss corporate law entered into force. Amongst various changes this reform also introduced some new regulations regarding the duties of the board of directors when a company is in financial distress. While some of these new regulations bring clarification to long disputed questions, others introduce new obligations …
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