TUPE regulations impose strict responsibilities and obligations on both the transferor (outgoing employer) and the transferee (incoming employer). Our Employment Law & Benefits team reviews the key aspects of TUPE and shares practical tips to help employers stay compliant. What you need to know The law governing the transfer of undertakings (TUPE) is complex and involves a number of obligations for both the transferor and transferee. Transferors and transferees must engage in a statutory information and consultation process with representatives...

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Executive summary Elevated interest rates helped push Chapter 11 bankruptcy filings to their highest level in eight years in 2024 and we expect the high volume of restructurings to continue through the first half of 2025. Over the last two years, higher borrowing costs eroded capital and liquidity from many companies. The Federal Reserve’s pivot in the back half of 2024 likely came too late for some of those companies. We’re also seeing signs of softening consumer spending, especially in sectors such as...

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The AED has expanded its AML/CFT reporting obligations to encompass all unregulated alternative investment funds (AIFs), in addition to introducing a new deadline. Unregulated AIFs must act immediately to ensure their compliance. Introduction The Administration de l’Enregistrement, des Domaines et de la TVA (AED) has expanded  AML/CFT reporting obligations for the 2024 financial year. Previously, only Reserved Alternative Investment Funds (RAIFs) were required to submit an RC report by the end of May. This requirement now applies to all funds under AED...

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As part of its ongoing efforts to thwart China's development of advanced computing technologies, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued an interim final rule (the IFR) last month that both broadens the export licensing requirements for certain advanced computing integrated circuits (ICs) and imposes new due diligence requirements on front-end fabricators and outsourced semiconductor assembly and test companies (OSATs). While the IFR has been in effect since its publication date on January 16,...

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CTA is Back On – Filings due March 21st On February 17, 2025, the U.S. Federal District Court for the Eastern District of Texas issued a stay of the Court’s January 7, 2025, order that had granted relief of enforcement of the Corporate Transparency Act (“CTA”) and its implementing regulation, the beneficial ownership information reporting rule (“BOI Reporting Rule”). The decision effectively reinstates reporting companies’ obligations to file beneficial ownership information reports (“BOIRs”) under the CTA. In responding to the...

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As of January 1, 2025, many clean energy credits have transitioned to a new statutory and policy framework focusing on “technology-neutral” facilities.   Recent final regulations under Sections 45Y and 48E have addressed many questions organizations voiced regarding the transition to the new rules.  The transition may present challenges for organizations as they work through the technical and practical aspects of the new framework.  A new statutory framework for clean energy tax credits To make clean energy tax credits more technology-neutral,...

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EU faces defence spending dilemma as US support wavers  European leaders are confronting a pressing dilemma: how to fund a significant surge in defence spending amid rising security threats and waning U.S. military support. With the U.S. signalling potential cuts to aid for Ukraine and President Trump urging European nations to allocate 5% of their GDP to defence, the EU must find ways to mobilise an estimated €500 billion in additional defence investments over the next decade. Policymakers are now exploring options such...

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