By: Janine Guzmán Puerto Rico is a commonwealth of the United States, and due to its political affiliation with the mainland, most federal employment legislation applies on the island along with local laws. The legal scheme becomes even more complex as we consider that Puerto Rico is a highly regulated jurisdiction in the employment context. …
Continue reading "Harmonizing leaves of absence – top points for employers"
Focus on: Corporate Occupiers
In recent years, the traditional brick-and-mortar retail landscape has undergone a seismic shift as once-thriving high streets now face the crisis of survival. Retail corporate occupiers and those organisations that lease or own retail spaces on these streets, are at the epicentre of this transformation. As the rise of e-commerce, evolving consumer preferences and a …
Doing Business In: Bahrain
Located off the coasts of Saudi Arabia and Qatar, the Kingdom of Bahrain provides a strategic island location in the Arabian Gulf, through which much of the world’s petroleum transits. This natural geographic advantage is being continuously enhanced by new, large-scale infrastructure projects. As the smallest economy of the six-member Gulf Cooperation Council (GCC), Bahrain’s …
In 2023, the revenue of the insurance sector exceeded R$ 600 billion, a penetration rate of 6% of Brazilian GDP. Whilst that may be considered significant, it falls short of the figures for more developed economies, which have an average rate of 10%. The Brazilian rate is nevertheless steadily increasing, a fact that has …
Continue reading "OVERVIEW OF THE INSURANCE SECTOR IN BRAZIL"
Focus on: South Korea
Recognizing the rapidly evolving nature of AI and the scope of its potential impact, the South Korean government has been undertaking various legislative and policy initiatives to both promote the AI industry and appropriately regulate potential side effects. Many AI bills have already been submitted to the 21st National Assembly. Among them, the “AI Framework …
Focus on: Peru
Valderrama Abogados is a multidisciplinary law firm that provides legal advice in Labor, Corporate, Legal Compliance, Contracts with the State, Real Estate, Regulatory, Tax and Social & Government Relations. Our clients are the center of the Firm. This principle is the basis of our Firm’s DNA and the success of our relationships with our clients and been recognized by clients and the …
Public procurement in Sweden is undergoing significant transformation, driven by a mix of emerging trends and ongoing challenges. Annually accounting for approximately 20 percent of Sweden’s GDP and involving contracts valued over SEK 800 billion, public procurement is critical for the functioning of government agencies, regions, municipalities, and certain private companies. Each year, over 17,000 …
On 1 January 2023, the long-awaited reform of Swiss corporate law entered into force. Amongst various changes this reform also introduced some new regulations regarding the duties of the board of directors when a company is in financial distress. While some of these new regulations bring clarification to long disputed questions, others introduce new obligations …
Continue reading "New Provisions regarding Financial Distress"
After a slight increase in VAT rates at the beginning of this year and the abolition of customs duties on industrial products, the next round of changes in the area of VAT is around the corner. Although the Federal Council has not yet confirmed the official enactment date, it is expected that the VAT changes …
Continue reading "Will Switzerland’s partial VAT revision bring a new era?"