On 9 March 2020, Tesco Plc (“Tesco”) announced the sale of its operations in Thailand and Malaysia to four entities under Charoen Pokphand Group, for US$10.6 billion. The announcement came three months after Tesco first announced a strategic review of its Asian operations. Central Group and TCC Group were reportedly shortlisted for the deal. When […]
The Finance Committee of the Legislative Council has approved the anti-epidemic relief fund of HK$137.5 billion which includes about HK$81 billion for an Employment Support Scheme (“ESS”). The purpose of the ESS is to provide financial assistance in exchange for employers undertaking to retain their employees who could otherwise be laid-off or made redundant. Our […]
25 March 2020, Bangkok – Pisut & Partners is delighted to announce the appointment of Douglas Mancill as Of Counsel. Douglas has represented and advised companies and individuals on a wide range of commercial law issues. He brings with him over 20 years represented U.S., European and Japanese companies with operations and subsidiaries. including the representation of: IBM in the […]
Regarding the adoption of company resolutions by unlawful means, the law that Thailand currently has in place is still not able to protect shareholders in a timely manner. Specifically, temporary preliminary injunctions or temporary emergency injunctions to halt enforcement of such company resolutions before the matter is actually considered by a court have little chance […]
By Aaron Swartzman The transition to a work-at-home environment during COVID-19 has resulted in increased expenses by individuals on computer equipment in order to properly fulfill their employment duties while at home. As such, employers may choose to reimburse their employees or provide their employees with allowances to acquire personal computer equipment. Under normal circumstances, a […]
April 27, 2020 | by Amelia Taylor, Senior Associate As the number of those infected with COVID-19 continues to rise and worker deaths increase, grocery-store clerks have increasingly been referred to as the new front-line workers in the coronavirus crisis.1 Recently, the Occupational Safety and Health Organization (OSHA) issued several industry specific alerts providing COVID-19 […]
An Executive Order suspending US immigration was issued by the White House on April 22, 2020. The order would reduce immigration to the United States by approximately one-third. The stated rationale for the executive order is that since the COVID-19 pandemic has so far resulted in over 22 million Americans filing for unemployment benefits, reducing the number […]
Background The COVID-19 situation has caused increasing financial and operational difficulties for businesses. Various employers have either asked employees to take unpaid leave and/or annual leave during this period. This practice note examines the legal requirements for asking employees to take unpaid leave and/or annual leave. Can an employer unilaterally require employees to take unpaid […]
In an effort to alleviate the financial difficulties as a result of the COVID-19 pandemic, the Hong Kong Government has announced proposed relief measures which include a HK$ 80 billion Employment Support Scheme (“ESS”). Key features of the ESS: Proposal: The Government has proposed to provide wage subsidies to eligible employers of the purposes of […]
The federal government has been delegated authority to exercise eminent domain to acquire both real and personal property, including the right to take immediate possession of that property, through the Stafford Act, which President Trump has cited as a basis for emergency powers due to the COVID-19 virus. One of the subchapters contained in the […]
By: Robert “Bob” Boeche, II, Partner The outbreak of the COVID-19 pandemic, subsequent closures of businesses and mandated “quarantine” laws have had dramatic effects that permeate nearly every facet of our lives. With the markets wildly fluctuating, and advisers being deemed an “essential” service, most advisers are juggling responsibilities to their clients with trying to […]
Outlook for This Week in the Nation’s Capital Stimulus Negotiations. Congress continued its work through the weekend on the next stimulus package and is reportedly close to a deal. The emerging deal could include $350 billion for SBA loans, $75 billion for hospitals and $25 billion for coronavirus testing. While Democrats continue to call for additional […]