United Kingdom: The UK Financial Conduct Authority (FCA) published a consultation paper (CP24/2) at the end of February on a new approach to publicising its enforcement investigations and changes to its Enforcement Guide (EG). The announcement marks a further step in the FCA's increasing assertion of power as a regulator. The consultation has provoked a significant debate within the financial services sector about the impact these proposals will have. With the consultation now closed, we have pulled together the key themes that have come up over the last few months.

India: This May newsletter covers categories of updates relating to labour, environment and industry related laws. Collection of labour cess only through online mode in Delhi; notification of Footwear made from Leather and other Materials (Quality Control) Order, 2024 and clarification issued by FSSAI regarding the display of information by food service establishments are some of the major updates covered in this newsletter.

Italy: The government issued a press release announcing that, on April 30, 2024, the Council of Ministers at the proposal of the Minister of Economy and Finance approved a legislative decree at the preliminary examination stage that introduces important changes in the tax treatment of amounts paid to employees.

In this issue of our newsletter, we discuss the subject of resignation, highlighting the criteria established by jurisprudence to distinguish this concept from that of dismissal.

New Zealand: In this bumper edition of The Employment Echo, we look at the Whakaari sentencing decisions, the implications of the decision of Team Group Realty Ltd v Cardno in relation to restraints of trade, the decision of Mount Cook Airline Limited v E tū Incorporated regarding the application of the Minimum Wage Order 2021 and the recent changes to the Employer Accredited Work Visa.

We are pleased to share that 16 of our partners were recognized in the 2024 edition of Benchmark Litigation Canada.

Please join Norton Rose Fulbright at our annual employment and labour seminar! Enjoy breakfast with our Vancouver team while we delve into the latest employment and labour issues and trends.

The CFPB recently proposed two rules that would restrict the imposition of non-sufficient funds fees and overdraft fees.

Interlocutory injunctions routinely raise a similar issue – how are the parties to conduct themselves in the period prior to the injunction hearing?

After a lacklustre finish to 2022 when compared to the vintage year for M&A that was 2021, dealmakers expected 2023 to see the market continue to cool in most sectors, in response to the economic headwinds of rising inflation (with its corresponding impact on financing costs), declining market valuations, tightening regulatory scrutiny and increasing geopolitical tensions.

On 18 September 2023, the CMA published its Initial Report (Initial Report) on AI Foundation Models (FM), supplemented in April 2024 with the publication of its “Update Paper” focused on potential antitrust risks associated with FMs and a “Technical Update Report” providing more detail on the development on FMs (collectively the “Reports”). Below, we consider these CMA publications.

Legislation was recently made in New South Wales that has fundamentally changed the way in which chemicals are managed in the State.

Internal investigations present an opportunity for a company to get ahead of and reduce securities, criminal and class action risk. However, there are many ways in which these investigations could be easily mismanaged. Here are five things corporations should be aware of to mitigate risk.

On April 15, 2024, the US Equal Employment Opportunity Commission (EEOC) issued a press release indicating that its Pregnant Workers Fairness Act regulations would be published in the Code of Federal Regulations on April 19, 2024, with an effective date 60 days after publication, June 18.

United States: On April 24, 2024, President Biden signed into law H.R. 815, enacting numerous measures relating to United States foreign policy and national security.

Internal investigations present an opportunity for a company to get ahead of and reduce securities, criminal and class action risk. However, there are many ways in which these investigations could be easily mismanaged. Here are five things corporations should be aware of to mitigate risk.