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Health Canada identifies lithium-ion batteries, infant bath seats, and water beads as hazards of concern
Health Canada has recently identified three new classes of products that pose a hazard of concern.
United Kingdom | Publication | December 2021
Nicola Parish has written a blog citing concerns about weakening employer covenants in the wake of the pandemic and due to current M&A activity.
Focussing on employers most likely to have been negatively affected by recent developments, the Regulator has apparently contacted more than 400 DB schemes to check they have properly considered the risk that their employer covenant has weakened. It is carrying out in-depth engagement with 30 schemes most at risk and has opened nine cases to explore whether further action would be appropriate.
The message for trustees is to be vigilant. This means ensuring they are kept informed of the financial health of their employer and strategic plans, regularly assessing risks and undertaking contingency planning so they can respond quickly to events.
The Regulator says it wants to support trustees but will use its enforcement powers if the scheme is not being treated fairly by employers or if trustees are not acting in savers’ best interests.
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Health Canada has recently identified three new classes of products that pose a hazard of concern.
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An employer’s ability to ask for a sick note when an employee is absent from work due to illness is becoming increasingly curtailed across Canada.
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Over the past two years, Spain has significantly strengthened its foreign investment screening mechanism, and all acquisitions by foreign investors (as defined below) of a Spanish entity active in a strategic sector are subject to prior authorisation by the Ministry of Industry, Commerce and Tourism (“MoICT”).
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