News & Analysis as of

Multinationals

Risky Business: Mitigating Exposure Through Comprehensive Risk Management

by Ropes & Gray LLP on

Ropes & Gray is pleased to share “Risky Business,” a comprehensive report on trends and best practices in risk management. Based on a survey by FT Remark, a research service from the Financial Times that interviewed 300...more

Is a Business Tax Reform Game Plan Beginning to Take Shape?

by McDermott Will & Emery on

Substantial tax reform is underway and the business community is intently awaiting details of this activity with the aim of positioning themselves to maximize opportunities and minimize any costs or risks that reform may...more

EU State Aid Enforcement: What Multinationals Need to Know

In recent years, the European Commission (EC) has been actively enforcing European Union state aid violations, an area of law that is unique to Europe but has wide-ranging implications for multinationals with investments in...more

Australia Proposes Modern Slavery Reporting Requirements for Multinationals – An Overview and Comparison to Existing Corporate...

by Ropes & Gray LLP on

The Australian Government has released a consultation paper proposing the adoption of legislation that would require many multinationals operating in Australia to publicly report on modern slavery risk in their business and...more

Study Shows The Gig Economy Isn’t Just For Start-Ups

by Fisher Phillips on

When most hear the phrase “gig economy,” they immediately think about giants like Lyft and Uber. Personally, I use Lyft and Uber often while traveling and enjoy talking to drivers about why they choose to work in the gig...more

DOL Flip-Flop: SOX's Anti-Retaliation Provisions Apply to Overseas Conduct After All

by Littler on

In a late-August decision with potentially far-reaching implications for foreign and multinational employers, the United States Department of Labor Administrative Review Board (ARB) held that the Sarbanes-Oxley Act's (SOX)...more

EU GDPR Takes Effect on May 25, 2018: Is Your Company Prepared

by FordHarrison on

Does your company control or process personal data of employees residing in the European Union? If so, be aware of the upcoming implementation of the General Data Protection Regulations (GDPR). The deadline for complying with...more

How to Align an International Labor Strategy for Overseas Unions, Works Councils and Other Worker Representatives

by Littler on

Organized labor can play a vital role—positive or negative—in an employer’s human resources operations. That is true at the local level and even truer internationally. In today’s interconnected world, collective labor...more

Update on Australian Modern Slavery Reporting Requirements

by DLA Piper on

The Australian Federal Government has on 16 August 2017 issued a consultation paper seeking industry commentary and feedback on the Government's proposal to create a "Modern Slavery in Supply Chains' Reporting Requirement",...more

Coordination and balance

by DLA Piper on

As reported previously, for the past few sessions, UNCITRAL’s Working Group V on Insolvency (WGV) has been concentrating on three key areas... Originally published in RECOVERY Magazine, Summer 2017 Please see full...more

How to Launch an Employee Compensation, Bonus or Benefits Plan Internationally

by Littler on

Multinationals inevitably vary their employee compensation packages—their pay rates, employee incentives, bonus plans, benefits offerings—by country of employment. It is pointless to inquire into some multinational’s...more

Exempt or Non-Exempt Employee Under U.S. Law? Even U.S. Employers Frequently Get it Wrong

by Dorsey & Whitney LLP on

In the United States, employers are required to pay employees overtime (1.5 times the employee’s hourly rate) for hours worked over 40 per week. In some states, such as California, employers are required to pay overtime if...more

EMA released new procedural guide for Multinational Assessment Teams

by Hogan Lovells on

The European Medicines Agency (“EMA”) has released a procedural guideline for rapporteurs and coordinators participating in Multinational Assessment Teams (“MNAT”)....more

Loans to U.S. Subsidiaries Should Be Carefully Structured and Documented to Obtain U.S. Tax Benefits

by Dorsey & Whitney LLP on

Canadian companies should carefully structure and document loans and advances to their U.S. subsidiaries. If loans to U.S. subsidiaries are not properly structured and documented, such loans may be recharacterized as equity...more

The French Duty of Vigilance Law: What You Need to Know

As previously noted, on February 21, 2017, the French National Assembly adopted a law establishing a “duty of vigilance” for large multinational firms carrying out all or part of their activity in France. In a subsequent...more

Mauritius – the gate for Chinese Investment into Africa

by Dentons on

The data published by the Mauritius central bank and central statistics bureau in April shows that in 2016 China is the second largest foreign investor in (US$70 million, following US$128 million from France) and the largest...more

How to Make Global Employee Communications Comply with Overseas Translation Mandates

by Littler on

The question of whether a multinational must translate employee communications overseas traditionally was not asked very often. Decades ago, multinationals ran their international operations as siloed units. Headquarters...more

Example GDPR ready processor terms

by DLA Piper on

One of the larger tasks facing organisations as they prepare for the new EU General Data Protection Regulation 2016/679 is how to tackle data governance and compliance controls in the supply chain. This is often the Achilles...more

Tax Reform Update: 4 Issues to Watch as Congress Nears Summer Recess

by Latham & Watkins LLP on

Administration and Congressional tax negotiators abandon border adjustment tax, but leave unanswered questions regarding rates, revenues, and taxation of US multinationals. As Congress heads toward its late summer 2017...more

China’s New Cybersecurity Law Is a Start

by Dorsey & Whitney LLP on

On June 1, China’s new Cybersecurity law took effect. The new law applies not only to domestic Chinese companies but has wide-ranging implications for U.S. and other foreign companies doing business in China....more

UPDATE: New UK Offences of Failure to Prevent Facilitation of Tax Evasion – looming deadline

by Ropes & Gray LLP on

In May 2016, we published an Alert about UK proposals to introduce new strict liability corporate criminal offences aimed at preventing the facilitation of tax evasion. Andy Howard, Tax partner in the Ropes & Gray London...more

German Co-Determination Laws are Compliant With EU Law

by Bryan Cave on

July 18, the European Court of Justice (ECJ) followed the Advocate General`s motions to hold German laws on Employee Representation on Board Level do not violate EU law. Thus, the exclusion of all employees of global group...more

The L-1 Category: 3 Tips to Help Your Petition Withstand Scrutiny When Filing at USCIS

With the annual H-1B visa cap posing considerable staffing issues for U.S. employers requiring highly skilled workers, multinational corporations may increasingly turn to the L-1 visa to meet their need for knowledgeable,...more

Restructuring and Insolvency Bulletin Issue 1 - 2017 - Cross border restructuring landscape continues to evolve – EU and Singapore...

by Dechert LLP on

Legislative changes in Singapore and the EU introduce pre-insolvency processes facilitating non-consensual debt restructurings or cram downs comparable to those already available in London and New York. In particular, the EU...more

Supreme Court Seeks Input of United States in International Price-Fixing Case - Request Could Signal Intent to Review Second...

by Holland & Knight LLP on

The U.S. Supreme Court on June 26, 2017, took the somewhat unusual step of inviting the Acting Solicitor General to express the views of the United States regarding Animal Science Products, Inc. v. Hebei Welcome...more

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Cybersecurity

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