Baker McKenzie’s Sanctions Blog published the alert titled Canada introduces additional designations on 62 Russian government officials and their family members, and 1 defence sector entity on 24 August 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 OFAC amends existing and issues new General Licenses under Russia sanctions to authorize pension payments to non-US persons outside of Russia and closing individual accounts at blocked banks on 29 August 2022. Read the article via the link here. Please also visit ourSanctions Blog for the most recent updates.
As one of the largest Swiss lending teams, we compile our hot lending topics every year in a short and readable way. The overview covers LIBOR transition 2.0, new corporate law, sanctions, ESG lending, and collateral in tokens. We hope you will enjoy reading our overview.
EUR 4.30 instead of EUR 9.52 per gram: The reimbursable base price for medical cannabis cultivated in Germany has been almost cut in half whereas the base price for imported cannabis flowers remains unaffected. According to an arbitration ruling of 17 June 2022, a base price of EUR 4.30 (plus surcharges of 90% or 100%) per gram is reimbursable for cannabis flowers cultivated in Germany. Prior to the ruling, statutory health insurance funds reimbursed a base price of EUR 9.52 per gram plus varying surcharges for all cannabis flowers. This also applied to cannabis flowers cultivated in Germany and sold to pharmacies for a fixed price of only EUR 4.30 per gram.
With Law No. 108 of 5 August 2022 (converting Decree-Law No. 68 of 16 June 2022 into law, with amendments), the Italian government introduced a favorable regime for authorized car distributors that will have a major impact on the sector. The new legislation applies to all vertical relationships between the manufacturer or importer of vehicles and the authorized distributor for the sale of vehicles that have not yet been registered, as well as vehicles that have been registered by the authorized distributors for not more than six months and have not traveled more than 6,000 kilometers.
In their latest Newsletter, Baker McKenzie partners cover recent updates in relation to smart working for vulnerable employees, social security developments, workplace harassment, and more.
The Baker McKenzie London Employment team is delighted to welcome you back to our Industrial Action webinar miniseries with episode two, where we explore what businesses should do when they receive a ballot notice and the potential legal challenges and pitfalls that often arise. The contents of the ballot notice, ballot paper and industrial action notice are often key areas of dispute when there are challenges to the industrial action process, and are key considerations when organizations are considering injunctive relief.
On 13 August 2022, the new law implementing EU Directive 2019/1152 will go into force. Some important clarifications on the new law have been issued by the National Labour Inspectorate. We are expecting additional clarifications to be issued by competent authorities in the coming days and weeks, since there are still a number of provisions in the new law that require official guidance on their application.
Baker McKenzie’s Sanctions Blog published the alert titled Ukraine imposes new set of sectoral anti-Russian sanctions on 10 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 26 July 2022, the UK Government published its responses to the 2018 consultation on employment status. The consultation had invited stakeholders to make online submissions on how to address various issues with the UK’s current framework for the employment and tax statuses of individuals. At present, for tax purposes, there are two tax statuses: (i) self-employed and (ii) employed; while for employment law purposes there are effectively three statuses: (i) worker; (ii) employee and (iii) self-employed.