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Legal Updates - Page- 51

04 Jan 2021

China: Measures for the Security Review of Foreign Investment

China: Measures for the Security Review of Foreign Investment The Ministry of Commerce and the National Development and Reform Commission have published measures for the review of foreign investment presumed to take effect on the 18th of January 2021. The measures stipulate carrying out a national security review of specific…

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03 Jan 2021

Canada: Labor Code Reforms

Canada: Labor Code Reforms In keeping with the changes taking place worldwide due to the pandemic, it becomes imperative that labour regulations require amendments to keep workplaces safe and healthy during such challenging times. The Canadian government is taking steps towards setting labour standards that can help protect employers recruit…

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31 Dec 2020

ADGM: Amendments to Employment Regulations

ADGM: Amendments to Employment Regulations The ADGM Employment Regulations 2019 imposes certain obligations on employers operating in free zones; it also lays down essential provisions related to policies and practices, recruitment, wages, leaves etc. Some significant changes have taken place in the ADGM Employment Law on 1st January 2020. The…

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29 Dec 2020

Australia- Changes in Unfair Contract Term Laws

Australia- Changes in Unfair Contract Term Laws The Unfair Terms Contract Laws previously only applied to consumer contracts and small business contracts, provided that these contracts were standard form contracts. However, the changes introduced in this law shall extend to insurance contracts covered under the Insurance Contracts Act, 1984. The…

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28 Dec 2020

Singapore: Payment Services (Amendment) Bill

Singapore: Payment Services (Amendment) Bill The Monetary Services Authority (MAS) has introduced changes in the Payment Services Act, 2019 (PS Act) to align the regulatory regime of the country with the guidance issued by the Financial Action Taskforce (FATF) on Anti-Money Laundering and Countering Financial Terrorism. Summary Payment service providers,…

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27 Dec 2020

India- State Governments' Amendments to Labor Law

India- State Governments' Amendments to Labor Law State Governments in India have taken initiatives to make amendments to the labour laws in the country to aid economic activity in the country. Considering the pandemic's effect, state governments took an initiative to open up the economy with limited workforce and resources,…

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