Starting from August 24, 2021, amendments1 to the Federal Law “On Foreign Investments in the Russian Federation” regarding the procedure for accreditation of branches and representative offices (RO) of foreign legal entities will come into force:
Monthly Archives: March 2021
By Eliab Taïrou, from our Labour and Employment Law Group
March 15, 2021 — It is well known that a major part of labour law consists of balancing the rights and interests of the employer with those of the employees.
One of the evolving and topical aspects of this balancing act is the question of the employer’s power of direction versus the employee’s right to privacy. The right to fair and reasonable working conditions also comes into consideration. How, then, can the employer manage and operate its business while respecting the employee’s dignity and privacy?
Enacted on December 4, 2020, the Internet of Things Cybersecurity Improvement Act of 2020 (the “IoT Act”) is expected to dramatically improve the cybersecurity of the ubiquitous IoT devices. With IoT devices on track to exceed 21.5 billion by 2025, the IoT Act mandates cybersecurity standards and guidelines for the acquisition and use by the federal government of IoT devices capable of connecting to the Internet. The IoT Act, and the accompanying standards and guidance being developed by the National Institute of Standards and Technology (NIST) will directly affect government contractors who manufacture IoT devices for federal government use, or who provide services, software or information systems using IoT devices to the federal government.
Russian federal service for surveillance in healthcare (Roszdravnadzor) presented1 an overview of its control and supervisory activities for 2020. Below are the main conclusions of the Overview.
A critical component of a successful employer-employee relationship is the employer’s fair and equitable treatment of employees, often embodied in the employer’s employee engagement, retention, and compensation practices. When it comes to compensation, U.S. employers must comply with federal and applicable state equal pay laws that prohibit discriminatory pay practices, and a myriad of state and local laws banning inquiries into, or the use of, prior salary history in setting pay. Yet, compensation bias and discrimination still exist and continue to be the subject of government investigations, audits, and litigation.
On March 5, 2021, the Massachusetts Department of Revenue promulgated a new regulation (830 CMR 62.5A.3), setting forth the sourcing rules that apply to income earned by employees who telecommute due to the COVID-19 state of emergency in Massachusetts. The new regulation relates to non-resident employees who telecommute outside of Massachusetts on behalf of Massachusetts-based employers. It also explains the parallel treatment accorded to resident employees with income tax liabilities in other states that have adopted similar sourcing rules.
Following the Senate’s passage of the American Rescue Plan by a razor-thin margin on Saturday, March 6, 2021, the House of Representatives approved the final version of the new stimulus package on March 10, 2021, despite multiple attempts to delay. The economic relief package has been highly contested since its introduction and highlights the continued divide between the political parties. President Joe Biden praised the Senate’s passage of the legislation as a “giant step forward” while other Republican leaders criticized the $1.9 trillion package, including Senator Ron Johnson, who called it a “boondoggle for Democrats.” In any case, the stimulus package will provide, what many people believe to be, long overdue and much needed assistance to the American people and businesses. The following provides a summary of various relevant provisions of the new legislation and what individuals, educational entities, and state and local governments can expect. Read more…
The recently re-introduced Butch Lewis Emergency Pension Plan Relief Act of 2021 (Butch Lewis Act), originally passed by the House in 2019 and re-introduced in February 2021, is Congress’ most recent effort to direct funds to assist troubled multi-employer pension plans. Unlike previous legislative efforts in 2019 and 2020 which never made it through the Senate, with the recent change in the administration and control of the Senate, the Butch Lewis Act progressed rapidly through Congress. On March 1, the Senate Finance Committee Chair Ron Wyden released a statement confirming that the provisions of the Butch Lewis Act had the necessary budget impact to be included in the $1.9 trillion American Rescue Plan (the latest proposal for a COVID-19 relief plan). Senator Wyden noted that “the economic crisis has hit already struggling pension plans like a wrecking ball, and the retirement security of millions of American workers depends on getting this package across the finish line.” As a result, the multi-employer pension plan relief provided in the Butch Lewis Act was included in the final relief bill passed by the Senate, and the House of Representatives passed the American Rescue Plan on March 10, 2021. President Biden signed the bill into law on March 11, 2021. Read more…