ILN Today Post

CENTRAL BANK DIGITAL CURRENCY IN INDIA

In a world where everything is at your fingertips, users now expect quicker and easier payments from any location at any given point in time. In the field of payment and settlement systems, India has always been a nation that has encouraged innovation and growth. Numerous payment mechanisms have been developed over the years for the convenience of the common man. Owing to such convenience, these payment systems were quickly preferred as they provided consumers an alternative to the use of cash.

With the aim to reduce dependency on cash, create an open and inclusive system and to meet the expectations of the modern digital economy of India, the Reserve Bank of India (“RBI”) intends to introduce a new form of money viz. Central Bank Digital Currency (“CBDC”). Through a concept note on CBDC published in October 2022, RBI has broadly defined CBDC as the legal tender issued by a central bank in a digital form. It shall be the sovereign currency holding exclusive advantages such as security, trust, liquidity, finality of settlement and veracity. Read more…

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ILN Today Post

Newsletter #15 – November 2022

EU LAW & DIGITAL ECONOMY

We are pleased to share with you our Newsletter of November 2022:

COMPETITION LAW 

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ILN Today Post

Enclaved Purchasers

Did you know that the right of all purchasers who did not lodge and/or submit their sale contract or assignment agreement before the District Land Office lapses on 31.12.2022?

The recent legislation is judged to be fair as it is undoubtedly a significant step for the protection of the purchasers who have fully paid the agreed purchase price according to their sale agreement and have not yet receive the separate title deed of their immovable property for reasons beyond their control.

The legislator in an attempt to further help and assist those purchasers who have not filed their sale agreement or their assignment agreement before the District Land Registry has set the deadline for filing an application with the Court on 31.12.2022. Read more…

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ILN Today Post

Newsletter – October 2022

I. EDITORIAL – THE COVID-19 DISEASE PANDEMIC; LAW NO. 19/2022, OF OCTOBER 21

The month of October was characterised, in legislative terms, by the publication of theResolution of the Council of Ministers no. 96/2022, of October 24, which determines the termination of validity of resolutions of the Council of Ministers published in the context of the pandemic disease COVID-19 and by the publication of the Law no. 19/2022, of October 21, which determines the rent updating coefficient for 2023, creates an extraordinary support for renting, reduces VAT on electricity supply, establishes a transitory regime for updating pensions, establishes a regime for the redemption of savings plans and determines the unseizability of family supports. Read more…

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D.C. Voters Vote to Phase out Tip Credit and Nebraska Voters Raise State Minimum Wage

On Tuesday, November 8, 2022, Washington, D.C. voters approved a ballot measure to eliminate the “tip credit” which allowed service industry employers to pay servers, bartenders, and other tipped employees $5.35 an hour rather than D.C.’s $16.10 per hour minimum wage. Currently, employers are required to pay the balance if an employee is unable to make up the difference through tips. Initiative 82 will phase out the tip credit, raising the tip credit minimum wage to $6.00 in January 2023, and then to $8 on July 1, 2023, and then increasing by $2.00 every year until 2027. In 2027, D.C. service industry employers will be required to pay employees at D.C.’s effective minimum wage.

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Connecticut Trade Secret Laws: 2022 Update

Thomson Reuters Practical Law has released an update to “Trade Secret Laws: Connecticut,” a Q&A guide to state law on trade secrets and confidentiality for private employers in Connecticut, co-authored by our colleagues David S. Poppick and Carol J. Faherty, attorneys at Epstein Becker Green.

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Video: Potential for NLRA Expansion, EEOC Disavows Former GC’s Comments, California Adds Marijuana Employment Protections – Employment Law This Week

As featured in #WorkforceWednesday:  This week, we shed light on the growing issues surrounding electronic employee monitoring, the Equal Employment Opportunity Commission’s (EEOC’s) disavowal of comments by a former General Counsel (GC) regarding abortion travel benefits, and California’s latest marijuana employment protection law.

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RSS Named 2023 Firm of the Year for Family Law by Best Lawyers

RSS is proud to announce that it has been named 2023 Firm of the Year for Family Law by The Best Lawyers in CanadaTM. Since its inception over 40 years ago, our Family Law Group, comprised of specialists, has been present and active with sophisticated clients looking for legal advice in complex situations raising economic and human issues.

The scope of services that we offer and the skills of the team make our group a leader in Quebec. Find out more about our services and the group’s members

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Five States Put Abortion Questions on the Ballot; Health Care and Other Employers Should Stay Tuned

In the wake of the landmark decision in Dobbs v. Jackson Women’s Health Organization, we have been closely monitoring legal developments across the country. In addition to well publicized “trigger laws” that were effectuated as a result of the U.S. Supreme Court’s order, states have taken up a variety of legislative actions in response to the ruling, which placed authority for the regulation of abortion with the states.

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Massachusetts Non-Compete Laws: 2022 Update

Thomson Reuters Practical Law has released the 2022 update to “Non-Compete Laws: Massachusetts,” a Q&A guide to non-compete agreements between employers and employees for private employers in Massachusetts, authored by our colleagues David J. Clark and Erik Weibust, attorneys at Epstein Becker Green.

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