On 5 August 2024, Ministerial Resolution No. 435-2024-MTC/01.02 was published, approving the new Regulations on Aeronautical Infractions and Sanctions. The Regulations establish the classification of infractions related to Law No. 27,261, the Peruvian Civil Aeronautics Law. The Regulations incorporate Subchapter XV of the Peruvian Aeronautical Regulation on violations of environmental protection, aircraft noise reduction and the Carbon Offset and Reduction Scheme for International Aviation.
In its “Make Work Pay” manifesto, the Labour government pledged to bring in the “right to switch off” for workers. The government is reportedly considering a Code of Practice on such right, which may operate in a similar way to the Codes of Practice on disciplinary and grievance matters, and fire and rehire, with the potential for uplifts in compensation for specified types of claims where there has been non-compliance. Full details of the proposals are awaited but employers may wish to examine their hybrid and remote working arrangements now in order to ensure that they can react swiftly to future developments.
On 3 June 2024, the Regulations on hazardous substances for domestic, industrial and/or public health use (Supreme Decree No. 031-2023-SA) became effective. The purpose of the Regulations is to regulate and supervise the sanitary control of hazardous substances for domestic, industrial and/or public health use established in Chapter VI of Title II of Law No. 26842, General Health Law. The Regulations will be enforced by the General Directorate of Environmental Health and Food Safety (DIGESA) of the Ministry of Health.
In a move to develop Thailand’s position as a regional hub of investment, the Office of the Securities and Exchange Commission began a public hearing on the new securities and derivatives business licensing regime on 9 February 2024, designed to increase flexibility and decrease costs for business operators.
In a landmark decision rendered on 20 November 2023, the Antwerp Labour Court of Appeals ruled that no Belgian employee social security contributions are due in relation to equity-based compensation (RSUs in the case at hand) granted by a US parent company to employees of its Belgian subsidiary. In essence, the Court concluded that the RSUs under review were not granted in return for services provided by employees under their employment contract with and were neither borne by the Belgian subsidiary. Rather, the Court found that the RSUs were granted on the basis of an obligation undertaken by the US parent company towards the Belgian employee-beneficiaries with a view to binding these employees to the group on a long-term basis, with the US parent company also taking full financial and legal responsibility.
Baker McKenzie’s Sanctions Blog published the alert titled UK introduces new Belarus sanctions on 14 June 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 27 April 2023, the Italian Medicines Agency published on its website the Report on the Timelines of Pricing and Reimbursement Procedures of medicines during the period 2018-2022. The purpose of the Report is to ensure the principle of transparency of the administrative action and to inform citizens and economic operators about the timelines for access to reimbursed medicines.
In brief The assistant Treasurer and Minister for Financial Services Minister Stephen Jones addressed the annual Responsible Lending…
The United Kingdom has agreed with the European Union a new Brexit deal for Northern Ireland which seeks to significantly reduce the…
In brief On 6 January 2023, Law No. 31668 (“Law”), which approves the temporary reduction of the costs of acquiring imported inputs relevant to the national economy, was published. The Law aims to reduce a percentage of transport and related expenses of 16 national subheadings to pre-pandemic levels, to contribute…