Baker McKenzie’s Sanctions Blog published the alert titled “UK introduces new financial. trade and shipping sanctions against Russia” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “EU bans Russian channels” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “US Government imposes additional sanctions on Russia, including the Central Bank of the Russian Federation; implements Russia-related executive order” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “Canada introduces additional designations including Russian President and Officials, prohibits dealings with Russian Central Bank, Ministry of Finance and National Wealth Fund” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled “New EU sanctions cut-off certain Russian banks from SWIFT and prohibit certain investments in Russia” on 3 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 23 February 2022, the EU Commission published its proposal for a directive on corporate sustainability due diligence obligations, which aims to foster sustainable and responsible corporate behaviour throughout global value chains.
Turkey’s latest measure to tax the digital economy was the introduction of the DST, effective as of March 2020. Turkey’s 7.5% DST covers digital service providers exceeding a global revenue threshold of EUR 750 million and local revenue of TRY 20 million. The tax is mainly applicable to revenue generated from online advertising services, digital content sales/services and digital platform services.
On 21 February 2022, the Corporate Governance Code Monitoring Committee submitted a proposal to update the Dutch Corporate Governance Code (“Proposal””). The Proposal (currently open for consultation up to and including 17 April 2022) provides for updating the Dutch Corporate Governance Code (“Code”) in areas such as long-term value creation, the role of shareholders and diversity. It also contains proposals to amend provisions of the Code due to changes of the Dutch Civil Code, such as introducing a statutory cooling-off period and statutory rules on the remuneration policy and report. This overview briefly outlines the most important parts of the Proposal.
Just and sustainable economy: Commission lays down rules for companies to respect human rights and environment in global value chains
On 23 February 2022 the European Commission has adopted a proposal for a Directive on corporate sustainability due diligence. The proposal aims to foster sustainable and responsible corporate behaviour throughout global value chains. They will be required to identify and, where necessary, prevent, end or mitigate adverse impacts of their activities on human rights, such as child labour and exploitation of workers, and on the environment, for example pollution and biodiversity loss.
Recent updates and developments on the Polish employment law.