Tag archives: financial institutions

Closing the wage theft, redundancy and domestic violence loopholes

This article was co-authored with Millie Jones and Ying Yi Lim. As discussed in our article late last year, the Fair Work Legislation Amendment (Closing Loopholes Act 2023 (the Act)) was passed by Parliament on 7 December 2023. The Act introduced significant changes to “close the labour hire loophole” and prevent bargained rates in enterprise agreements from being undercut by the use … Continue reading

Levelling up labour hire pay to become law Has the bell tolled for labour hire?

This article was co-authored with Millie Jones. As mentioned in our article when the Fair Work Legislation Amendment (Closing Loopholes Bill 2023 (Bill) was introduced to Parliament in September 2023, Australia is set for further industrial relations reform – albeit in a slimmed down manner for the moment. The Government decided to split the Bill in two after reaching … Continue reading

Singapore to enshrine workplace anti-discrimination laws

On 29 August 2021, Singapore Prime Minister Lee Hsien Loong announced that the Government will enact new laws to formally enshrine the Tripartite Guidelines on Fair Employment Practices (“TAFEP Guidelines”) into statute.1 There are, at present, no specific laws in Singapore which directly regulate workplace discrimination. Employers are, however, expected to abide by the principles … Continue reading

Employment Law and Financial Institutions

In the financial sector, in addition to individual employment contracts, working conditions can be subject to various industry related statutes and regulations, collective bargaining agreements and works agreements. Laws and regulations As a reaction to the global financial crisis, the participants of the 2008 G20 summit in Washington, including Germany, agreed on the establishment and … Continue reading

Recent developments in French employment law regarding financial institutions: How the French Government wants to enhance Paris’ attractiveness as a global financial place

Apart from certain provisions which may be tailored to the relevant situations negotiated by companies or sectors of business through collective agreements (subject to compliance with a number of basic rules and principles), French employment law does not include any specificities in relation to certain sectors of business. In particular, financial institutions are subject to … Continue reading
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