Madrid’s Labour Inspectorate Division has recently indicated that during the coming months, fixed-term and part-time hiring will be, once more, under close watch. The inspectorate is trying to eradicate fraud in this area once and for all and is thus determined to lead a meticulous campaign on the matter.
Market observers have highlighted how Hong Kong and Singapore are becoming increasingly popular jurisdictions for the resolution of arbitral disputes. As we close 2017, it remains clear that some of the biggest countries in Asia continue to be a popular hub for dispute resolution, particularly in international arbitration.
In accordance with the State Budget proposal for 2018, gains arising from the onerous transfer of shares, or similar rights, held in companies or other entities non-resident in Portugal shall be considered obtained in Portugal.
We have experienced the first resolution of a Spanish bank under Act 11/2015, of 18 June, on the recovery and resolution of credit institutions and investment firms and Royal Decree 1012/2015, of 6 November, developing Law 11/2015. Such was the case with Banco Popular, the Spanish bank subject to resolution and subsequently sold to Banco Santander on 7 June 2017.
The sustainable bond market is expanding rapidly. According to the Climate Bonds Initiative, green bond issues in 2016 exceeded $80 billion, a 90 per cent increase on the total for 2015. Europe remains the second-largest region after Asia in terms of green bond issuance volume.
Two recent rulings, which declared the nullity of dismissals in certain circumstances, could potentially have a significant impact. The first one is related to the termination of an employee on long-time sickness leave, and the second focuses on the formal requirements of dismissal letters.