Questions about termination for material change in objective circumstances | Anjie Broad

Legal Briefing

What’s the significance of termination for ‘material change in objective circumstances’ to employers? Employers’ unilateral termination of employment contracts is subject to strict requirements under China’s labour law. Employers are allowed to unilaterally terminate employment contracts only under the circumstances specified in the labour law. Among these circumstances, article 40 item (3) (ie material change …

Insolvency and bankruptcy code – watering down the waterfall mechanism | Krishnamurthy & Co. (K Law)

Legal Briefing

The advent of the Insolvency and Bankruptcy Code, 2016 (‘Code’) was a huge step by the Indian legislature towards providing a robust, market driven and time bound mechanism for the insolvency and bankruptcy process in India. Prior to the Code, the insolvency laws in India were scattered amongst various laws and judicial forums. However, the …

Key considerations for bankruptcies of Luxembourg subsidiaries of international groups | DLA Piper Luxembourg

Legal Briefing

This article highlights certain features of Luxembourg insolvency laws relevant for international groups, which include Luxembourg companies. Following the end of Covid-related support measures and considering the current challenging global economic conditions, the number of bankruptcy filings in Luxembourg has increased recently. Since Luxembourg is an important financial hub, many of such bankrupt companies are …

Return to office issues | ACCRALAW

Legal Briefing

With the downward trend of Covid-19 infections due to effective vaccines, the lifting of various government restrictions, and the recent declaration of the World Health Organization regarding the end of the Covid-19 as a public health emergency, employers have been keen on exploring return to office arrangements. Whether it is to promote office culture and …

Non-compete clauses in Singapore – issues to consider | Rajah & Tann Singapore

Legal Briefing

Today’s dynamic and digitalised business environment obliges companies to protect its workforce, confidential information and trade connections; and a common way is to rely on non-compete clauses in employment contracts. One prime objective is to prevent key employees who have left the company from engaging in activities which would otherwise unduly interfere with or prejudice …