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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | April 2024
From April 6, 2024, employees are entitled to a new form of unpaid leave. Employees with dependants having long-term care needs may take up to one week per year as carer’s leave to provide or arrange care.
The provision covers dependants that require care for an illness or injury for a period that is likely to be longer than three months, or for a disability, or those who require care because of old age. The entitlement arises from the first day of employment and may be taken all at once or as full or half days throughout the year.
Under the Carer’s Leave Regulations 2024, all terms and conditions of employment (apart from pay) continue during carer’s leave. This means, unlike during other forms of unpaid leave (additional maternity, paternity or adoption leave), pensions accrual continues during the period of absence, although the regulations do not specifically refer to this aspect of the employee’s rights.
Benefit accrual for such a limited annual period is unlikely to have significant cost implications for employers. However, as carer’s leave is treated differently in law from other forms of unpaid leave, schemes may wish to consider amending their scheme rules to reflect this when the document is next updated.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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