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(2) avoidance principle. It means that the members of the arbitration commission or arbitrators, when arbitral labor disputes are considered, are considered to be legally excluded from the case, or the parties believe that the arbitrators have a statutory withdrawal circumstance, which may affect th...
7. Paying statutory compliances There are statutory deductions that businesses need to calculate such as TDS (Tax Deducted at Source), PF (Provident Fund),ESI (Employee State Insurance)in payroll execution. These amounts are calculated and then filed at appropriate government portals. If you do ...
Present incentives.Companies can consider providing severance pay or a discretionary bonus to motivate team members to notify their employer in advance. Before launching any incentive, be sure to have HR and legal professionals review the plan to guarantee compliance with local government severance pay ...
Regulatory Compliance The increased regulation of the banking industry since 2008 has brought risks of misinterpretation of new regulations as well as risks arising from failure to implement the necessary changes to keep up with regulatory expectations. Banks must comply with the statutory requirements se...
Parent-subsidiary mergers are the most frequently used type of specialty merger. Once statutory conditions are met, a shortened process or short-form procedure can be used. Parent-subsidiary mergers may be upstream or downstream. A parent-subsidiary upstream merger is a merger of a subsidiary busin...
"The securities laws use 'insider' in different ways," said Marc Fagel, a lecturer at Stanford Law School and former U.S. Securities and Exchange Commission (SEC) regional director. "There are statutory insiders (officers, directors, 10% shareholders) who have certain legal duties, but 'insid...
One of the more unique features of the law is that it doesn't specify a particular dollar amount for fines or other statutory damages for breaking the law. It simply states that the Attorney General can take legal action. Businesses will also have a 60-day cure period to address any viola...
Consequences of non-compliance? Fines and penalties start from $2500 per violation and go up to $7500 per violation.There can be other statutory damages from $100-$700 for every incident, legal liabilities, reputational damages and business disruptions. 5. PIPEDA: Personal information Protection an...
Under California law, a felony is a serious criminal offense that can result in imprisonment for more than one year. Felonies are considered more severe than misdemeanors and can have significant consequences, including loss of voting rights (while in pr