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In AML & Financial Services Regulatory

International: Government procurement update

by , , , , and 1 Min Read

In Baker McKenzie’s Government Procurement Update, you will find the latest guidance, trends and enforcement actions related to government procurement (both U.S. government contracting and International Financing Institutions), including suspension and debarment, bid protests, and False Claims Act defense. Calling upon our deep bench of 4000+ lawyers and legal professionals worldwide, we will occasionally invite guest practitioners to write about related topics in the criminal, civil, and administrative context. Readers can expect to find practical guidance and tips for compliance with public procurement policies as well as best practices for managing government inquiries and litigation.

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In Covid-19

International: A stronger product safety regime for the EU?

by , and 6 Mins Read

The European Commission, on 30 June 2021, proposed reforms to the General Product Safety Directive in the form of a Regulation, intended to safeguard consumers. The Proposal makes substantial amendments to the GPSD, which has been in place for the last 20 years, seeks to increase the protection offered to EU consumers in respect of products they purchase, both in store and online, whilst also addressing challenges posed by today’s modern world, which has been reshaped by digitalization and the COVID-19 pandemic.

In Asia-Pacific

Taiwan: Issues Regarding Office Closure Due to COVID-19

by 3 Mins Read

As the pandemic alert has been raised to Level 3, companies have upgraded their pandemic countermeasures. Many companies have implemented work-from-home or a remote work plan in response to the pandemic to reduce the potential impact caused by COVID-19 and to ensure continuity of business operations.
One of the critical issues for work-from-home arrangement is how to keep an employee attendance record. According to the latest ruling issued by the Ministry of Labor, companies may follow the ‘Guiding Principles for Employees Work Time Away from the Business Premises’ to determine the working hours and maintain attendance records.

In Corporate Compliance

United Kingdom: Government confirms proposal for a new single enforcement body for employment rights

by , and 2 Mins Read

The government has confirmed in its response to its 2019 consultation that it intends to establish a new single enforcement body for employment rights. The new body will enforce breaches in relation to national minimum wage, modern slavery (including modern slavery statements), employment agencies, statutory sick pay and holiday pay for vulnerable workers.

In Corporate Compliance

United Kingdom: Reinvent LIBOR: Delivering a Next Generation Solution

by and 3 Mins Read

With LIBOR set to be discontinued on a permanent basis, corporate service providers and corporate trustees must transition to alternative rates before the phase-out begins at the end of 2021. Bearing this challenge in mind, we, at Baker McKenzie, needed to streamline the re-papering process for our clients. We needed to create an end-to-end solution that provides the right balance of legal expertise, legal project management and technology.

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In Israel

US: BIS amends the EAR to reflect the UAE’s termination of Its participation in the Arab League Boycott of Israel

by , and 3 Mins Read

On June 9, 2021, the US Department of Commerce’s Bureau of Industry and Security (BIS) issued a final rule, effective June 8, amending the Export Administration Regulations (EAR) to reflect the formal termination by the United Arab Emirates (UAE) of its participation in the Arab League Boycott of Israel (the “Amendment”). This means that certain requests for information, action or agreement from the UAE will no longer be presumed to be boycott-related if made after August 16, 2020.

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