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Littler Mendelsohn | What Would Overruling Chevron Mean for Labor and Employment Law?

The Supreme Court will hear oral arguments on two cases challenging the deference given to federal agencies’ interpretations of statutes they are charged with enforcing. If Chevron is overruled or pared back, federal agencies enforcing labor and employment laws will likely face more challenges to their rules and other interpretive guidance. Overruling Chevron may cause agencies to issue fewer new regulations, take more modest positions in the regulations they do issue, or both. Next week, the U.S. Supreme Court will hear oral arguments in two cases asking whether to...

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Chapter News, Uncategorized

OECD | Labour Market Situation Update: January 2024

OECD employment rate remains at record high in the third quarter of 2023 OECD employment and labour force participation rates stabilised at 70.1% and 73.8% in the third quarter of 2023, the highest levels recorded since the start of the series in 2005 and 2008, respectively. Both indicators were at or near their record highs in 9 of the 38 OECD countries, including France, Italy, and Japan (Figure 1, Tables 1 and 2). Record highs in both the OECD employment and...

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Member News, Uncategorized

IPTI | Property Tax in the News – January 2024

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarized news articles from around the world. This IPTI publication - “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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Member News, Uncategorized

Noerr | Russian Courts Disregard Arbitration Clauses in Favour of Russia-friendly/­Neutral Forums

Western companies contracting with Russian parties should not feel safe relying on arbitration clauses in favour of Russia-friendly or neutral forums. In a number of recent cases Russian courts have disregarded arbitration clauses in favour of the Hong Kong International Arbitration Centre (HKIAC) and the Singapore International Arbitration Centre (SIAC). On 1 December 2023, in the case of VTB Bank PJSC v VTB Bank (Europe) SE (No. А56-84760/2023) the Arbitrazh Court of Saint Petersburg and Leningrad Region recognized as unenforceable due to anti-Russian...

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Chapter News, Uncategorized

ECB | Survey on the Access to Finance of Enterprises: Continued Tightening in Reported Financing Conditions

> Euro area firms signalled a continued increase in turnover, while higher labour, production and interest costs weighed on their profitability. Firms expect their turnover to increase further over the next six months. > The share of financially vulnerable firms increased almost to the level seen during the coronavirus (COVID-19) pandemic. > Compared with the last survey, firms expect a noticeably smaller increase in their average selling prices (3.7%, down from 6.1%) and wages (4.3%, down from 5.4%) over the next...

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Member News, Uncategorized

CLA (CliftonLarsonAllen) | Should Health Care and Life Sciences Consider ESG? – Explore Pros and Cons

The Inflation Reduction Act (IRA) included dozens of tax credits for green energy initiatives. It is an example of policies meant to incentivize businesses and organizations — including in health care and life sciences — to advance sustainable energy practices. While it is a great opportunity to consider on its own, taking advantage of these IRA incentives also lends itself to the emerging ESG movement. In health care regulations and policy, we could view the Biden administration’s efforts on health equity as ESG-esque. For example,...

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Cozen O’Connor | Immigration Catch Up: October 2023

October 2023 not only provided amazing Halloween costumes but big updates to the United States and global immigration. The Cozen O’Connor catch-up this month highlights these changes and provides the details you need to determine how or if these changes impact you and your business. In the United States, the Department of State (DOS) has a proposal to enable H-1B visa holders to renew their visas in the United States (this program had been discontinued in 2004). The U.S. Citizenship...

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PwC | What’s next for these five crypto and NFT trends in 2023?

Digital assets are moving fast — so fast, that our start-of-the-year predictions are now ripe for an update. The big picture is not to let skeptics discourage you. “Crypto winter” hasn’t ended, but many crypto natives and traditional financial institutions aren’t hibernating. They’re building, laying the foundations for an upturn. Here’s how the five trends we called out at the start of 2023 are looking so far — and what to expect next. 1. Trust is the new killer app Digital asset companies have...

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Member News, Uncategorized

Littler Mendelson | Changes to Flexible Working Regime in the UK – What Employers Need to Know

On July 20, 2023, UK’s Employment Relations (Flexible Working) Bill 2023 received Royal Assent and is currently expected to come into force in Summer 2024, though a precise date has not yet been confirmed by the government. Despite campaigning from industry groups and recommendations from the government’s own Flexible Working Taskforce to make flexible working the default position for workers back in May 2021, the new Act does not make flexible working a “day 1” right, and the eligibility requirements...

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Ad Altius Advisors | The New Superpower: Psychological Fitness is the New Secret Strength of a Business

Psychological fitness is no longer a fringe concept in business; it's a vital organizational concern and a determining factor in the high-stakes arena of modern leadership. In a world where billions of dollars can rely on split-second decisions, psychological strength has become the cornerstone of executive success. It's the armor that shields against the unforeseen and enables leaders to guide their organizations through crisis, while preserving or even enhancing value.  The dark days of the pandemic has brought about a...

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