Global financial markets breathed a sigh of relief as lawmakers in the United States reached a last minute deal to pull the US economy back from the brink of its so-called ‘fiscal cliff’ and expectations for the global economy edged higher.
As already mentioned in the preceding newsletter, from a social law point of view, four elements of the General Policy Statement catch the eye: 1) increasing the competitiveness of our enterprises by eliminating the salary gap with our surrounding countries; 2) further increasing the competitiveness of our enterprises by lowering the social charges; 3) increasing job opportunities for younger and elder workers; and 4) stimulating the continued training of the workers.
The latest amendments to the Bulgarian Commerce Act are intended to implement the Late Payment Directive.
Law 12(I)/2006 as amended by Laws 90(I)/2010, 40(I)/2011 and 176(I)/2011 is the relevant legislation governing public procurement contracts in the Republic of Cyprus.
The new scheme provided by the Cyprus parliament which aims to enhance credit institutions'
access to liquidity and help them to overcome the impact of the economic crisis.
If a contract is performed after 1 April 2012, the contractor will be obligated to deliver a list of subcontractors to the public contracting authority, so that the latter may post the list on its profile.
During its upcoming session in September the Chamber of Deputies is scheduled to further discuss a bill of the substantially amended Building Code which should come into effect as of 1 January 2013.
On 10 December 2012, the EU Council reached an agreement on a general approach to the European Commission's proposals to reform the public procurement rules.
The Finnish Advisory Board for Bankruptcy Affairs has recommended an accelerated reorganization model to be applied to viable companies that have fallen into financial difficulties.
The Financial Action Task Force, known as the FATF, has revised their Recommendations to step up the fight against money laundering and terrorist financing.
A discussion on the impact of the USA Patriot Act expanding the discovery and enforcement mechanism already available under US law, i.e. (a) FISA Orders and (b) National Security Letters.
Article 8. Transparency and Conduct Rules applied by the organs of the Armed Forces.
The first draft of the law was heavily debated in Greenland as
it allows foreign companies to contract foreign workers on foreign
A discussion on a decision of the Supreme Court, which is a ground‐breaking one in circumstances where numerous previous decisions of the High Court on the same issue had found that the Minister for Justice was not obliged to provide reasons to explain decisions in relation to the grant or refusal of certificates of naturalisation.
The 2013 Irish Budget (hereafter referred to as "Budget 2013") was announced on 6 December 2012 and included therein are several measures that are specifically relevant to the Irish fund industry.
are three main pieces of national legislation, which implement the EU public procurement Directives.
The Microenterprise Loan Fund Act 2012 and the supporting Scheme (the "Microfinance Act") established Microfinance Ireland to provide newly established or growing microenterprises with access to limited funding where they have been unable to access bank credit or sufficient bank credit to start or develop their business.
The recent Recommendation of the OECD Council is part of the on-going work of the OECD to try to prevent collusion and bid-rigging in public procurement.
On 6 September 2012, the Department of Public Expenditure and Reform published a report ("the Report") received by it from Accenture, which undertook a capacity and capability review of Ireland’s central procurement function.
In December 2012, SatTV (part of the leading space industry publisher Satellite Evolution Group) visited the Isle of Man to explore the reasons behind the Isle of Man’s phenomenally successful commercial space industry.