Global Compliance News

Regulatory Resolution 11/2024

In brief

On 28 February 2024, Regulatory Resolution 11/2024 (“RR 11/2024“) of the Tax Agency of the Province of Buenos Aires (TABA) was published in the Official Gazette of the Province of Buenos Aires. The resolution regulates the additional advance payment (“Additional Advance Payment“) on gross income tax (GIT) established in Article

In brief

We are pleased to share upcoming developments in relation to the Companies (Amendment) Act 2024 (“CA 2024“) which will anchor the revised beneficial ownership (BO) reporting framework.

1. Implementation Plan

The approval process of the CA 2024 through the Malaysian Parliament was completed in December 2023. The CA 2024 subsequently received Royal Assent

In brief

On 29 February 2024, the National Supreme Court of Justice (SCJ) issued a ruling in the case Oliva, Fabio Omar v. COMA S.A. re. dismissal, whereby it established that the capitalization formula applied to employment lawsuits (“Resolution 2764”) by the National Employment Appellate Court (NEAC) is disproportionate and contrary to the guidelines of the Argentine

In brief

The EAT has decided that an employer’s liability for unlawful discrimination does not transfer under TUPE where the discriminator transfers but the victim of the discrimination does not. The position might be different though in relation to vicarious liability for negligent (rather than discriminatory) acts of an employee. 

In more detail 

Background

Employee

In brief

On 27 February 2024, China published the amended Law on Guarding State Secrets (“Amended SSL“), which will take effect on 1 May 2024. The Amended SSL enhances state secrets protection from multiple aspects, together with the Counterespionage Law amended in 2023, the National Security Law, and other national security related laws and regulations.

In brief

The Cyber Security Agency (CSA) has published a consultation paper on the proposed Cybersecurity (Amendment) Bill (CAB), which would amend the Cybersecurity Act 2018 (CA). The CAB seeks to strengthen the legal framework governing the maintenance of national cybersecurity in Singapore, against the pressing need for legislation to effectively address the fast-developing technological