Despite Covid-19 remaining a global concern at the time of this article, much of Hong Kong has in fact returned to its pre-pandemic hustle and bustle for quite a while. However, the pandemic has left an imprint on the city – apart from making face masks a must-have when going out, as there seems to …
Continue reading “Post Covid-19 Hong Kong: a new kind of ‘business as usual’?”
The Covid-19 pandemic has presented an unprecedented challenge to the global economy. A lot of businesses ran into severe difficulty and even went on the verge of bankruptcy. Many employers cut employment directly by terminating employment contracts with employees instead of reducing salaries or arranging for employees to await job assignments to reduce labour costs. …
Over the last couple of years, organisations have been working through a significant transformation journey in the way they work and operate. Automation and technology are replacing or significantly impacting human tasks and jobs, changing the skills that organisations require in their workforce. At the same time, workforces are demanding a new ‘deal’, with organisations …
Continue reading “The workforce of the future: key HR legal considerations”
The Turkish Competition Board (the Board) decided that several practices of Unilever Sanayi ve Ticaret Türk AŞ (Unilever) amounted to infringement of Article 4 and Article 6 of the Law No 4054 on the Protection of Competition (Law No 4054). 1
The National Security and Investment Act 2021 completely overhauls the UK’s approach to government screening of investments. It will create a free-standing regime with unprecedented new government powers to investigate and block acquisitions (of entities or assets) on security grounds. Expected to be in force by the end of the year, the Act could be …
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With its enactment of the new German Digitalization Act (GWB10) on 19 January 2021, Germany became one of the first countries to upgrade its statutory toolbox to tackle the (perceived) market power of digital giants. The most prominent tools aim to address behavioural and structural market deficiencies (paras 19(1a), 20(3a)) and ease data access (paras …
Continue reading “Spotlight on Germany – the new Digitalization Act”
When discussing the current direction of antitrust regulation, Carles Esteva Mosso, a partner in the competition practice at Latham & Watkins’ Brussels office puts it succinctly: ‘In Europe, we are seeing an evolution towards more intense merger enforcement.’ At a national level, many jurisdictions appear to be keen to occupy a role at the forefront …
Economic environment overview The Russian economy was greatly affected by the global epidemic and the decline in business activity. Economic performance was influenced by the OPEC+ oil pact, the drop in oil prices and the volatility in the dollar exchange rate. However, those difficulties were overcome relatively well, since the government implemented support measures to …
Continue reading “The Russian M&A market since the outbreak of the global pandemic”
With global vaccination rates lifting consumer sentiment there are reasons to be optimistic about economic recovery from the global pandemic. However, new virus mutations, uneven vaccination rates, and reducing levels of government economic support measures all mean that the economic outlook remains uncertain and many market sectors will continue to face challenges in the medium …
Continue reading “The zone of insolvency: what directors and companies need to know”
Measures to mitigate the effects of the Covid-19 pandemic on the Austrian economy On 16 March 2020, the Austrian government imposed drastic measures to contain the SARSCoV2 virus, commonly known as Covid-19. The international Covid-19 crisis resulted in a seven week complete lockdown in Austria, with only ‘critical infrastructure’ such as banks, supermarkets, pharmacies and …
Continue reading “Restructuring and insolvency in Austria: an update”