business building in Toronto, Ontario, Canada

Termination of Employment the Canadian Way

By Jeffrey Percival and Kate Bresner, Pallett Valo LLP

The US concept of “at-will employment”, which allows for termination of employment for any reason without notice (so long as it is not for an illegal purpose), does not exist in Canada. In Canada, reasonable notice of termination is an implied term in all employment agreements. In order to terminate an employment relationship without cause, an employer must provide appropriate notice or pay in lieu.

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Warsaw, Poland

Another Side to Collective Redundancies

By Jeremiasz Kuśmierz, Penteris

The legal framework for collective redundancies was unified across the EU 23 years ago. However, there remain substantial differences between states and as a result, collective redundancies are still rife with challenges and costs.

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Hanoi, Vietnam

The Implications of the New Labour Code for Foreign Companies in Vietnam

By David Lang and Nga Dinh, Viettonkin Consulting

Vietnam has approved an amended Labour Code, which came into effect in January 2021. Most of the code remains the same; however, changes have been introduced in respect of hiring and firing employees. This is a big step towards aligning with international labour standards, as the government integrates into the larger global economy.

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Wilmington, USA

The New Federal Law on Corporate Transparency - What Business Owners and Their Advisors Need to Know Now

By Melissa W. Bailey and Mark Davidson, Brooks, Pierce, McLendon, Humphrey & Leonard, LLP

Approved by Congress in January 2021, the Corporate Transparency Act (CTA) is a new federal law requiring many business entities to identify to the Treasury Department the individuals who own a 25% or greater interest in the entity or who otherwise exercise substantial control over the entity. The CTA seeks to identify entities used for money laundering and other criminal activities by requiring entities to disclose their ownership and control.

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Non-Fungible and Non-Classifiable? What Lawyers and Accountants Should Know about NFTs

By Małgorzata Kociszewska, Penteris

The world of new tech and computing has gone mad for nonfungible tokens (NFT). But is it just another technological innovation, albeit created in 2015, or a natural consequence of the development and spread of the virtual world? Unlike virtual currencies, non-fungible tokens are, as the name suggests, non-fungible, i.e., non-exchangeable, meaning that they represent a unique record of a string of code in the digital ledger, within blockchain technology.

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Ruling of Remote Working

By Roman Makarov, Nektorov, Saveliev & Partners

The COVID era demanded that the Russian Government settle the issue of remote work in more detail, which was not the focus of attention of federal legislators before.

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