In an article for Compliance and Risk Journal, John Bracken considers the ever-changing employment law environment, highlighting recent and upcoming court decisions and legislative developments.
At its 21st session (from 15 March to 20 March 2023), the National Assembly Standing Committee of Vietnam (NASC) considered and gave remarks on a number of essential draft legislation to be passed this year.
Financial institutions are critical players in the transition to a carbon-neutral economy and, because of their role in allocating capital, they can act as a catalyst in achieving better environmental, social and governance outcomes in society generally. Baker McKenzie’s updated Sustainability Risk Radar analyzes the most pressing sustainability risks that FIs need to consider in 2023.
Clean hydrogen plays a critical role in net zero strategies of the world’s leading economies. The US and the EU have already taken significant steps to position themselves at the forefront of the global race to net zero by launching state support packages on an unprecedented scale. Please join Baker McKenzie’s experts on 19 April 2023 at 3:00 pm GMT for a compare and contrast discussion of the US Inflation Reduction Act and the Green Deal Industrial Plan for the Net-Zero Age with a focus on hydrogen.
On 9 March 2023, the Biden administration released its revenue proposals for fiscal year 2024, which included several proposals to revise the tax code related to cryptocurrency and other digital assets. The Greenbook contains a number of tax proposals relating to digital assets, which are defined in section 6045(g)(3)(D) as: “any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary.” Some of these proposals were included in the Biden administration budget proposals for fiscal years 2022 and 2023, or in bills introduced in the last session of Congress.
On 14 March 2023, we recognized Equal Pay Day in the US. This date symbolizes how far into the year women must work to earn the same amount that men earned in the previous year. Because women earn less, on average, than men (according to the US Census Bureau), they must work longer for the same amount of pay. It is vital to know that the wage gap is even greater for most women of color. In the first video of the ID&E IMPACT video chats miniseries, Baker McKenzie’s Employment & Compensation lawyers discuss the increasing requirements for employers to disclose pay information, and practical tips to help negotiate the current landscape, particularly as a multistate employer.
On 8 March 2023, the Government Body of the National Hydrocarbons Commission published in the Federal Official Gazette Resolution CNH.E.89.010/2022 containing Guidelines for Assignments, Corporate Changes and Liens applicable to Contracts for the Exploration and Extraction of Hydrocarbons.
Baker McKenzie’s newest sustainability briefing focuses on the hot topic of transition finance, which is relevant to lenders and borrowers in commercial and syndicated lending. In the context of publications by industry and standard setting bodies such as the Glasgow Financial Alliance for net zero and experience in the market, the briefing discusses: transition finance, credible transition plans, risks and challenges and market progress.
On 10 February 2023, the European Commission finally adopted the Additionality Delegated Act, which outlines conditions under which hydrogen, hydrogen-based fuels or other synthetic fuels can be considered as renewable fuels of non-biological origin (RFNBOs).
This alert analyses the Additionality Delegated Act and its impact on the hydrogen market.
On 10 February 2023, the European Commission finally adopted the Methodology Delegated Act, which provides the methodology for calculating life-cycle greenhouse gas emissions for RFNBOs, which is necessary to determine whether or not they comply with the EU’s GHG emissions thresholds applicable to such fuels.
This alert analyses the Methodology Delegated Act.