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Financial services monthly wrap-up: October 2024
In October 2024, the Australian Securities and Investments Commission (ASIC) was successful in its action against a life insurer in relation to misleading statements.
United States | Publication | August 4, 2021
Over the years, the National Labor Relations Board has devised a set of rules in its case law to protect the integrity of secret ballot elections. In Professional Transportation, Inc. 370 NLRB No. 132 (2021), the Board added another rule, unanimously holding that the solicitation of mail ballots constitutes objectionable conduct in a Board election. Previously, the Board had held that a party engages in objectionable conduct if it collects or otherwise handles mail ballots.
Here, a union representative left a voicemail for an employee in which he allegedly said: “if you need help on [sic] getting [the ballot] sent back one way or the other, I can help you with that.” The Board held that this offer to collect an employee’s mail ballot—which it described as “solicitation”—was equally objectionable and could upend the result of an election.
With mail ballot elections on the rise, the Board’s decision is of great importance to employers.
Publication
In October 2024, the Australian Securities and Investments Commission (ASIC) was successful in its action against a life insurer in relation to misleading statements.
Publication
Manitoba has adopted legislation that makes it easier for workers to unionize and shifts the balance of power in work stoppages toward unions and away from employers.
Publication
EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.
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