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Global Matters

US Companies: Reminders for the 2023 Annual Report and Proxy Season

As public companies in the United States prepare their 2022 annual reports and 2023 proxy statements, they will need to contend with a host of new requirements and disclosure updates. Among other factors, these stem from the current geopolitical and economic environment, a bevy of Securities and Exchange Commission (SEC) regulatory activity and several revisions

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Australia’s Updates to the Fair Work Act Bring Major Changes to the Workplace

The Federal Government’s Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed parliament on 2 December 2022, after negotiations in the Senate. The new laws represent the most significant changes to Australia’s industrial relations system since the commencement of the Fair Work Act 2009 (Cth). While some employers will be affected more than others, the changes

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Happy Entrepreneurs’ Day! Commonly Asked Questions by Founders of Startups

I volunteer some of my time to providing legal office hours to MIT’s Venture Mentoring Service, a service that MIT offers to its staff, students and graduates who are looking to start a business. In the spirit of National Entrepreneurs’ Day, here are answers to some commonly asked questions during my office hours. What is a

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New Year Will Bring Ban on Purchases of Residential Real Estate by Non-Canadians

The Prohibition on the Purchase of Residential Property by Non-Canadians Act will come into force on January 1, 2023, as one of several measures enacted by the federal government to target soaring housing prices, increase supply and curb foreign investor speculation. With few exceptions, the Act will impose a two-year ban on the purchase of substantially all

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Understanding Employee Pay During and After a Hurricane

For many employers, Hurricane Ian brought questions related to employee pay. One of the most frequently asked questions was, “Should I pay exempt employees who miss work due to bad weather conditions?” Similar questions arise with regard to non-exempt employees. An exempt employee is someone who is not entitled to overtime pay for more than

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California Adopts Stringent Online Privacy Requirements to Protect Children

California governor Gavin Newsom recently signed into law the state’s Age-Appropriate Design Code Act (the Act). In an effort to strengthen the effects of the California Privacy Rights Act of 2020 (CPRA), the Act imposes several new requirements on businesses offering online products, services, or features (collectively referred to as products) that are “likely to be

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Clawback of UK Sponsorship Immigration Fees

In a recent post on their Immigration blog, Linky Trott (partner) and Sundeep Rathod (senior associate) of Ally Law member firm Edwin Coe discussed the options available to employers to recoup the fees associated with sponsoring a foreign skilled worker to work in the UK, should the worker decide not to join the employer, or

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Poland’s Amended Code of Commercial Companies Takes Effect on 13 October 2022

On 13 October 2022, amendments to the Code of Commercial Companies (hereinafter referred to as the Code) applicable to capital companies will come into force. The amendments will apply, in particular, to a supervisory board, but the modifications will also influence other authorities of a limited liability company (LLC) and a joint stock company. In

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EEOC Provides New COVID-19 Workplace Guidance (Again)

Given the easing of the pandemic, the US Equal Employment Opportunity Commission (EEOC) has once again updated its guidelines relating to employers’ handling of COVID-19. These adjustments reflect the evolving nature of the pandemic and serve as a reminder that what was appropriate in 2020 and 2021 may no longer be the case. Most recently, the EEOC

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Australia’s Foreign Investment Review Board Application Fees to Double

As of 29 July 2022 and under newly imposed regulations, fees payable to Australia’s Foreign Investment Review Board (FIRB) for applications for foreign investment transactions will double. Background During the 2022 federal election campaign the Labor Party committed to addressing housing affordability in Australia with its “Help to Buy” initiative, which proposes to cut the

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