We are experiencing a period of financial turmoil not seen for decades. At the risk of stating the obvious, the intense damage inflicted on government coffers by responding to a pandemic, coupled with the fallout from the...more
U.K. institutional investor bodies, including the Investment Association (IA), Institutional Shareholder Services (ISS), Legal & General Investment Management (LGIM) and Glass, Lewis & Co. (Glass Lewis) recently published...more
Hospitals and Other Providers Should Make Sure Any Items or Services of Value That They Provide to Their Referring Physicians To Alleviate Burnout Comply With the Stark Law - Amidst the ongoing labor market shortages and...more
The Investment Association (IA) (Remuneration Principles), along with Glass Lewis (2022 Policy Guidelines) and the Institutional Shareholder Services (ISS) (2022 Benchmark Policies) have published updated guidance for the...more
1. GEGENSTAND DER IMPFPFLICHT - Durch erneute Anpassung des Infektionsschutzgesetzes (IfSG) am 10. Dezember 2021 besteht nun gem. § 20a IfSG ab dem 15 März 2022 eine einrichtungsbezogene Impfpflicht für Arbeitnehmer:innen...more
Am 24. November 2021 läuft die Feststellung der „epidemische Lage von nationaler Tragweite“ aus, die der letzte Bundestag im August 2021 noch einmal verlängert hatte. Es sieht nicht danach aus, dass der neu konstituierte...more
Muss eine Einzelhandelsfiliale aufgrund eines behördlich angeordneten landesweiten Lockdowns schließen, steht den dort beschäftigten Mitarbeitern kein Vergütungsanspruch zu. Dies entschied das Bundesarbeitsgericht (BAG) in...more
Our August 2021 update considers recent developments in employment law, including a significant case on section 100(e) automatically unfair dismissals during the COVID-19 lockdown, and cases on disability discrimination and...more
COVID-19- automatic unfair dismissal for employee who remained in Italy during outbreak - A Tribunal has found, in the case of Montanaro v Lansafe Limited, that an employee who had travelled from the UK to Italy for the...more
1. ANTIGEN-SCHNELLTESTS ZUR SELBSTANWEUNDUNG - Seit Ausbruch der Corona-Panemie im vergangenen Jahr stehen Arbeitgeber bei der Organisation des Arbeitsalltags vor vielschichtigen Herausforderungen. Hierbei müssen sie...more
Executive pay has been a hot topic for a number of years but the uncertainty created by the pandemic has resulted in an increased level of scrutiny of public company pay decisions and revised related proxy voting...more
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 14 – December 18, 2020... December 14, 2020: The IRS released Notice 2020-88 updating...more
The Investment Association (IA) has published (i) additional guidance on shareholder expectations for executive remuneration in light of COVID; (ii) its 2021 Principles of Remuneration; and (iii) its statement on executive...more
Investors have historically overlooked social factors amid a focus on the environmental and governance counterparts as they assess the merit of an investment. This may have been due in part to the difficulty in quantifying...more
As companies look to plan their FY 2020 annual report and prepare for the 2021 AGM season, we have reflected on our experience in 2020. We summarise below key learnings and what we think will undoubtedly be on the agenda and...more
AML/CTF supervision: HM Treasury annual report - The Bank of England (BoE) has published the Financial Stability Report for August 2020 and the financial policy summary and record of the meetings of its Financial Policy...more
Business continuity: SRB operational guidance on operational continuity in resolution and FMI contingency plans. The UK Prudential Regulation Authority (PRA) has published a policy statement, PS18/20, and the following...more
The coronavirus (COVID-19) pandemic is a challenge for employers and employees. Companies must protect their employees' health and at the same time try to keep the business running. Not all companies can organize home-office...more
The first State aid measures authorized by the European Commission (Commission) following the COVID-19 outbreak were aimed at helping companies to cover their immediate liquidity needs, mainly through bank loans guaranteed by...more
The COVID-19 pandemic has led to urgent changes to how and where healthcare services are delivered. These changes could require expedited entry into new or modified arrangements for the delivery of essential healthcare goods...more
In anticipation of the wave of requests from stricken companies due to the COVID-19 outbreak for more long-term State support, on 8 May, the Commission extended the scope of its State aid Temporary Framework to allow Member...more
Employers are now turning their minds to the many and varied issues they need to consider when planning for the end of lockdown - even though of course they will need to wait for details of the precise timing and phasing of...more
The Centers for Medicare & Medicaid Services (CMS) issued Blanket Waivers of certain requirements of the Physician Self-Referral Law (Stark Law). The purpose for the Blanket Waivers is to provide the flexibility providers...more
The U.S. Department of Health and Human Services Office of Inspector General (OIG) has issued a Policy Statement declaring that it will not impose administrative sanctions under the Federal Anti-Kickback Statute for certain...more
COVID-19: PRA statement on decision by insurance companies to pause dividends - On 8 April 2020, the Prudential Regulation Authority (PRA) published a statement welcoming the prudent decision of some insurance firms to...more