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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Homeoffice

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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Statutory Period of Notice for Service Contracts with Managing Directors: New Decision of the German Federal Labour Court of 11 June 2020

By Dr Angelika Baumhof and Cathrin Kirchbach, Jakoby Dr Baumhof

The Federal Labour Court (BAG) has ruled that in the absence of a contractual provision on the period of notice in service contracts with managing directors, the statutory provision of § 621 of the German Civil Code (BGB) applies. The decision is surprising, as the Federal Court of Justice (BGH) has so far assumed an analogous application of § 622 BGB (only applicable to employment contracts) in order to protect minor shareholding and third-party managing directors.

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Federally Regulated Employers Must Comply With New Workplace Harassment and Violence Prevention Laws

By Maria Tassou, Pallett Valo LLP

In order to protect workers in federally regulated workplaces, the federal government made changes to the Canada Labour Code regarding workplace harassment and violence prevention, which came into effect on 01 January 2021. The new Workplace Harassment and Violence Prevention Regulations (SOR/2020-130) (the Regulations) require federally regulated employers to implement certain policies and procedures to prevent and respond to occurrences of workplace violence and harassment.

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Newcastle upon Tyne, UK

Arbitration: Why a Governing Law Clause in a Commercial Contract Is Vital

By Nichola Evans and Melissa Munday, Ward Hadaway

A lacuna has arisen regarding reciprocity of judgments following the UK’s departure from the EU. Given that there is no impact arising from Brexit on English arbitral awards, with their recognition and enforcement independently secured by the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (“New York Convention”), there may be greater focus on arbitration and an increase in dispute resolution clauses providing for arbitration in commercial contracts.

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Data, Data, Everywhere

By Christine Hasiotis, UnitedLex

Today's legal ecosystem has created a unique opportunity for law firms to partner with legal service and technology providers to collaborate on optimizing client experience, driving greater overall value for clients, increasing operating effciency, and reducing law firm working capital investment demands. UnitedLex offers a full suite of data management, legal services, and technology to support lawyers, accountants, experts, and consultants on litigation, investigations, and regulatory matters. We support you on matters that are too complex, bet the company matters when you need to scale or simply execute quickly.

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