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.
By Kris Bollen, Konsilanto CVBA
Since January 2018, employers can pay a tax-friendly profit premium to their employees. Because the premium offers many advantages, it can count on much support.
By Valeria Khmelevskaya, KBK Accounting
The Russian CEO, the General Director, is the sole executive body of a company. Compared to many other countries, the general director in Russia bears a significantly higher responsibility in front of state authorities.
By Frederic Rocafort, Harris Bricken
The imposition by the USA of tariffs of up to 25% against many Chinese products (part of the “Trump tariffs” and the broader US-China trade war) has left many international businesses that source from China scrambling for alternatives. These tariffs, imposed under the authority of Section 301 of the Trade Act of 1974, affect products covered by thousands of subheadings in the Harmonized Tariff Schedule of the United States (HTSUS).
By Bryan F. Jacoutot, Taylor English Duma LLP
Bitcoin, the world’s first and most popular cryptocurrency, continues its rapid ascent into mainstream consciousness. Initially developed as a method to circumvent traditional financial structures for internet-based transactions, it is increasingly seen as a potentially viable payment method for legacy structures like employment.
By Matthew Kindree, Pallett Valo LLP
Effective 13 June 2019, private corporations regulated under the Canada Business Corporations Act are required to prepare and maintain a register of individuals with “significant control” over the corporation. Previously, the Canada Business Corporations Act (the CBCA) required corporations to maintain a register showing the names of each person holding shares of the corporation, but did not require the corporation to list individuals who were the beneficial owners of such shares or who had direct or indirect control or direction over such shares.
By Elizabeth L. Troutman and Jill R. Wilson, Brooks, Pierce, McLendon, Humphrey & Leonard LLP
By enacting Session Law 2019-245, the North Carolina General Assembly imposed new broad-sweeping requirements to protect children, making the failure to report certain criminal acts perpetrated against children a crime.
By Brian Casaceli and Nicholas Anastasopoulos, Mirick, O’Connell, DeMallie & Lougee, LLP
In what has become a yearly tradition, the National Labor Relations Board (the “Board”) ended another calendar year – this time, 2019 – with a flurry of precedent-altering decisions.
By Kelly Schoening Holden, Dressman Benzinger LaVelle psc
Many of the 50 states in the United States have taken drastic measures to curb the spread of COVID-19 including shutting down non-essential businesses such as restaurants, bars, clothing stores, car dealerships; ordering residents to stay at home unless they are going out for essentials such as food and medicine. In many aspects, businesses have been completely or partially shut down. These measures also include attempts to preserve personal protective equipment (PPE) for those individuals affected by COVID-19 and the healthcare workers. This includes closing of dental and optometry offices as well as a ban on elective surgeries. This has had a cascading effect and over 3 million US workers applied for unemployment benefits in the past two weeks. This is the highest unemployment in history.
By Harmajinder Hayre, Ward Hadaway, and Alan Rajah, Lawrence Grant
Just like most countries around the world, the United Kingdom is facing a temporary economic crisis due to the COVID-19 pandemic. The UK Government has introduced measures to assist businesses to deal with the potential mass redundancies that could have a severe impact on the fabric of society.