Amendments to the Share Capital and Debentures Rules On 5th June 2020, the Ministry of Corporate Affairs notified certain amendments to the Companies (Share Capital and Debentures) Rules, 2014 (“Rules”) with respect to issuance of sweat equity shares and debenture redemption reserve (“Notification”). A. Sweat Equity Start-up companies were allowed to issue sweat equity […]
The Virginia legislature has adopted the following amendments to the Code of Virginia that we believe will impact your business operations and the landlord-tenant relationship in the Commonwealth of Virginia. The enacted bills are effective July 1, 2020. Senate Bill 115 – Virginia Residential Landlord & Tenant Act; notice of termination to contain legal services information.Affected […]
Lionel Paraire discusses with the IBA Employment and Industrial Relations Law Committee about Covid-19 and how it has catapulted us into the future. WATCH HERE
The Swedish DPA, Datainspektionen, has issued a fine of approx EUR 11,400 (SEK 120,000) to Swedish county Örebro (located halfway between Gothenburg and Stockholm) for disclosing sensitive personal data on the county’s website about a patient admitted to a forensic psychiatric clinic. Datainspektionen’s review of the incident showed that sensitive personal data by mistake […]
The Ministry of Small Scale Industries had, vide a notification dated 29th September 2006, classified micro, small and medium enterprises as follows: Criteria : Investment in Plant and Machinery or Equipment Classification Micro Small Medium Mfg. Enterprises Investment < Rs.25 lac Investment < Rs 5 Cr. Investment < Rs.10 Cr. Service Enterprises Investment < Rs.10 […]
If you are considering hiring or posting employees to Denmark, you must be familiar with Danish labour market regulations and you must comply with such. Below we shall provide you with a general guide to employment law and labour law in Denmark. Read full article here
The Danish DPA has severely criticised that the Danish National Agency for IT and Learning failed to implement measures appropriate to identify the level of risk of an IT program (“Den Digitale Prøvevagt”) designed to prevent cheating during exams. In March 2019, a final test run of the IT program was made, at which 8,000 […]
The Swedish DPA, Datainspektionen, has initiated an investigation of a housing company following a complaint from a tenant. The tenant claims that the housing company has installed a surveillance camera in a stairway pointing directly at the tenant’s front door. In general, there must be significant reasons why a housing company should set up a […]
Danish job portal, JobTeam A/S, received a request for access from a data subject upon which the company chose to delete the personal data and then denied the request for access. By doing so, JobTeam A/S prevented the data subject from checking whether the person in question through the Danish DPA and the courts had […]
The Belgian data protection agency, APD, has issued a fine to an unnamed social network in the amount of EUR 50,000 for collecting and using personal data without having a legal basis for doing so. The social network allowed its users to invite contacts (regardless of whether they were already members of the network or […]
Foreward by Andrew Chilvers As companies continue to look for opportunities in global markets, directors from diverse jurisdictions are hired to serve on the boards of foreign businesses as well as domestic ones that have operations and assets in other countries. Enterprises across the world look for directors from other jurisdictions for any number of […]
When Congress quickly passed the CARES Act earlier this year in response to the pandemic, it almost seemed too good to be true. Imagine both houses of such a partisan legislature agreeing on anything in record time. Well, as they say, first impressions sometimes are best and almost three months into the CARES Act, it […]