27 February 2020
February, 2020 – Israel – Granot-Speiser The year of 2019 was another good year for the Israeli high-tech industry in terms of capital raising. An in-depth review of the transactions taking place in 2019 shows prevalent trends – in terms of valuations, legal rights granted to investors and manner of financing – that demonstrate a…
11 February 2020
February, 2020 – Brazil – Rossetti Advogados As representative of the Brazilian government in The World Economic Forum, which gathers leaders, heads of State and businessmen in Davos, Switzerland, the minister of Economy, Paulo Guedes, presented the measures Brazil has adopted to resume economic growth and the reform plans currently under analysis in the Brazilian…
28 January 2020
January, 2020 – Brazil – Rossetti Advogados In addition to opening up the economy and encouraging private credit and economic freedom and cutting through the red tape, the reforms implemented in the economy throughout 2019 by President Jair Bolsonaro’s administration, especially the Social-Security reform, are contributing to a favorable economic environment in Brazil, reflecting the…
28 December 2019
December 2019 – Putzier – Attorneys-at-law Partnerschaftsgesellschaft mbB In October 2019 Berlin has passed a draft law for a Berlin rent price cap. It is assumed, that this draft law will come into force in January or February 2020. When the law is in force, landlords in Berlin are facing some severe information obligations in…
28 December 2019
European Court – 4th of July 2019 December 2019 – Putzier – Attorneys-at-law Partnerschaftsgesellschaft mbB In Germany architects and engineers as well as their business partners are bound by the regula-tions of the fee agreement of architects and engineers (HOAI – “Honorarordnung für Archi-tekten und Ingenieure”). The European Court ruled with its decision of July…
20 December 2019
On July 10, 2019, Governor Cuomo signed into law bills A. 5308-B and S. 6549 (the “State Law”) that amends New York State’s Labor law to prohibit, statewide, employers from inquiring about or relying on the salary history of a job applicant or current employee in determining whether to offer employment to an individual or…
2 December 2019
I. Increased Hourly Minimum Wage Rates as of December 31, 2019 As we previously advised, as part of the 2016-17 New York State budget, Governor Cuomo signed into law a staggered set of minimum wages increases that will over a period of several years increase the hourly minimum wage in New York State to $15.00…
30 November 2019
November, 2019 – Malta – Valletta Legal In this day and age, unpaid credit is becoming more and more frequent. Therefore, it is of paramount importance that when approached by clients to carry out debt collection, law firms professionally evaluate the situation and analyse the best and most efficient way forward for the client –…
30 November 2019
Legislative Amendment Enables Filing Claims against Foreign Entities in Israel November, 2019 – Israel – Granot-Speiser In September 2019, the Ministry of Justicepublished an overall reform of the Civil Procedure Regulations 5744-1984 (“Civil ProcedureRegulations“ and the “Reform”, respectively). The Reform is expected to come into force in September 2020. However, some of the proposed…
26 November 2019
On September 24, 2019 the United States Department of Labor (“DOL”) issued its new final rule for determining whether executive, administrative and professional employees are exempt from overtime pay under the Fair Labor Standards Act. The rule, which will take effect on January 1, 2020, will increase to $684 per week ($35,564 per year) the…
