Most founders are familiar with Section 1202 of the Internal Revenue Code, which provides a tax exemption for the sale of Qualified Small Business Stock (QSBS). Less well known is Section 1202's cousin, Section 1045, which provides certain tax benefits for a "rollover" of proceeds from the sale of QSBS into replacement QSBS. The basic rules are as follows: The original QSBS must be owned for at least 6 months prior to its sale ...
On 22 September 2023, the Royal Decree of 13 September 2023 establishing specific rules on the public procurement of biological medicinal products was published in the Belgian State Gazette (“Royal Decree”) ...
The Philippine Securities and Exchange Commission ("SEC") issued SEC Memorandum Circular No. 20, series of 2023, titled Final Extension of Amnesty Applications until 31 December 2023 (the"Circular") to grant a final extension up to December 31, 2023 for amnesty applications for late and non-filing of general information sheets ("GIS"), annual financial statements ("AFS"), as well as non-compliance with SEC Memorandum Circular No ...
Background On October 2, 2023, the Philippine Stock Exchange ("PSE") issuedPSE Memorandum CN-2023-0048, which declared the PSE Short Selling Guidelines effective. On October 11, 2023, the PSE also issuedPSE Memorandum CN No. 2023-0053, setting out the Regulatory Requirements for Securities Borrowing and Lending. Further toPSE Memorandum CN-2023-0056, the PSE officially launched its Short Selling Program on November 6, 2023 ...
The Office for National Statistics (ONS) recently published revised figures showing that net migration figures for the year ending 2022 were in fact much higher than initially expected. You may remember our previous article published in June 2023 regarding increases to net migration figures released by the ONS; Net migration figures continue to increase, according to ONS ...
Workplace Christmas parties are just around the corner. While such celebrations are a great opportunity to strengthen team spirit and acknowledge everyone?s hard work, it is important to remember that it is not only up to employers to make sure they run smoothly?their entire workforces, managers and employees alike, are also responsible. Just think of potential situations of harassment where alcohol and fun times are combined ...
Are you a recruiter? Do you engage employees to temporarily send them to work at a user undertaking? Do you engage employees to provide contracting services to your clients? As from the 1st April of next year, the Employment Agencies Regulations will come into force, establishing a new regime for these operators, now termed as ‘employment agencies’ ...
Carey Olsen advises Channel Islands Co-op on purchase of seven Lloyds Pharmacy branches The Co-op has bought four stores in Jersey (The Parade, Red Houses, Quennevais and Gorey Village), and three in Guernsey (St Sampson's, L'Aumone and Longfrie). The purchase of the stores will enable the Co-op to grow and develop its pharmacy business, whilst providing Co-op customers across the Channel Islands with greater access to its community pharmacy services ...
Chancellor Jeremy Hunt delivered the Autumn Statement on 22 November 2023. In total, it contained 110 proposed measures for delivering UK growth. From a pensions perspective, the focus was on consolidation of the UK pensions industry through: Taking forward the Mansion House reforms, starting with steps to increase consolidation within the UK pensions industry ...
Christmas parties are designed to be fun, but a few festive drinks can quickly get out of hand if not managed correctly. A sobering thought is that employers can be vicariously liable for the action of employees during work events such as Christmas parties. In order to minimise the risks, we explore the steps employers can take before and after any work social event ...
Given the current economic climate, many employers are reformulating their businesses or are aiming to cut costs, which may give rise to more cases of proposed redundancies. We discuss how affected employees can best navigate these uncertain times. A redundancy situation is rarely welcomed by both employers and employees; they can represent financial hardship, both for employers struggling with profitability, and the inevitable direct impact on individual employees and their families ...
The UK data protection regulator, the Information Commissioners’ Office (ICO) has recently published a blog containing a quick guide to help retailers assess the lawfulness of sharing criminal offence data ...
On November 3rd, the Ministry of Labor and Social Security published Decree No. 36 (the "New Decree") in the Official Gazette. This decree amends Supreme Decree No. 64 of 2017, issued by the Ministry of Labor and Social Security (the "Decree No. 64"), which approves the Regulation of Chapter II of Law No. 20.015 "on the Labor Inclusion of Persons with Disabilities" (hereinafter the "Labor Inclusion Law"), in Title III of Book I of the Labor Code ...
The Employment Agencies Regulations of 2023, which will come into force as from the 1st April 2024, introduce a new regime for regulating the services provided by employment agencies, which were, until now, largely unregulated. These Regulations target employment agencies that provide recruitment services, temporary work services and/or outsourcing services ...
On November 2, 2023, in response to certain controversy, the Canada Revenue Agency (?CRA?) sought to clarify the application of the new disclosure rules, in force since June 22, 2023. The CRA?s comments relate, in particular, to the impact of reporting obligations on severance agreements, a topic we initially covered a few weeks ago1. We believe it is appropriate to go over these clarifications ...
Watch the webinar video and study our key takeaway points from our latest seminar focused on attendance. Our 2023 webinar programme is focused on supporting HR teams to improve the effectiveness and productivity of the organisations they work for, equipping them to best handle key issues and improve their business through reducing their risk, developing their talent and future proofing their organisation #HRImprove ...
Internal investigations are an integral part of organizational management, with the objective of determining the occurrence of wrongdoing, misconduct, or non-compliance within the company. Through these internal investigations, companies can wield their disciplinary powers, identify risks, design measures to control them, enhance the internal compliance culture, and mitigate the liability of the organization and/or its management ...
We held Datasymposium 2023 – one of Finland's largest events focusing on data regulation and data utilisation – on 25 October at Bio Rex Lasipalatsi. The popular event, organised in partnership with Technology Industries of Finland, gathered hundreds of experts to discuss the effects of EU's new data regulation and its application from the perspective of trade secrets and data privacy ...
The Council and Parliament deal on the 13th November involves several alterations to the proposed Critical Raw Materials Act, put forward in March this year (EU launches a Critical Raw Material Act – the proposal will impact Norwegian mining legislation – Simonsen Vogt Wiig (svw.no). In the European Commission’s original proposal, 34 raw materials were listed as critical raw materials, while 16 raw materials were listed as strategic raw materials ...
Watch the webinar video and study our key takeaway points from our latest seminar focused on Employee relations. Our 2023 webinar programme is focused on supporting HR teams to improve the effectiveness and productivity of the organisations they work for, equipping them to best handle key issues and improve their business through reducing their risk, developing their talent and future proofing their organisation #HRImprove ...
