Learn more about industry trends, member firm accomplishments, network news and the changing legal or regulatory environment for our clients.
If Employees Work Overtime, Employers Must Pay
In a recent class action proceeding which affected 31,000 CIBC customer service employees across Canada, the Ontario Superior Court of Justice has ruled that overtime premiums (i.e. 1.5 times an employee’s hourly rate) must be paid whenever overtime hours are required or permitted by an employer even if approval was not specifically granted prior to working the overtime hours. MORE.
More on enforcement after Bresco
Previously our blog on Bresco v Lonsdale, available here reported on whether an insolvent party would be able to adjudicate a dispute. Long-story-short: the Supreme Court’s decision (welcomed by insolvency professionals) overturned the Court of Appeal’s decision that an adjudication in such circumstances would be an “exercise in futility”. MORE.
Assistance Program to Strategic Companies
On October 15, 2020, through Resolution No. 551/2020, the Ministry of Productive Development created the Assistance Program for Strategic Companies in the Liability Restructuring Process (“ PAEERP ”). MORE.
Employee Transfer: Innovative Solutions
Due to the Social, Preventive and Mandatory Isolation (ASPO) measures adopted in Argentina, many companies impacted by a decrease in their activities suspended employees, while others in the opposite situation had to incorporate new staff. MORE.
New Philadelphia Construction Tax
Philadelphia City Council President Darrell Clarke introduced a bill yesterday that would levy a new tax on any (1) new construction of; or (2) improvement to any existing residential, commercial or industrial building in the City at a rate of $1.00 per $100 of “improvement” costs. MORE.