Concerning Changes On Single Social Charge In Ukraine

On December 28, 2014 the Law of Ukraine no. 77-VIII “On Amending Certain Legislation Acts of Ukraine to Reform Mandatory State Social Insurance and Legalization of Payroll,” was adopted. The Law came into force from January 1, 2015 (“Law 77”). Law 77 restated the Law of Ukraine “On Mandatory State Social Insurance” and introduced a “simplification” of single social charge (“Single Social Charge”) by stipulating that from January 1, 2015 the rate of the […]

By | February 16th, 2015 ||

Australia: Lending money to your company to pay wages: leapfrogging the priority of other creditors in a winding-up

When a company is facing short term financial difficulties the directors or shareholders may decide to make a loan to the company to pay wages.

If the loan transaction complies with the requirements of section 560 of the Corporations Act 2001 (Cth) (Act), the third party making the loan to the company can, in the liquidation of the company, seek to be subrogated to the priority position enjoyed by employees in front of ordinary unsecured […]

By | February 15th, 2015 ||

Australia: What should I do about the changes to FIFO? HG Industrial & Employment Law Alert: 12 February 2015

In this Alert, Shane Entriken, Special Counsel, provides commentary on the key Queensland LNP and ALP policy positions around FIFO workforces and what it potentially means for current and future projects.

The political landscape is uncertain with the election result in Queensland still undecided. The policies that the Queensland ALP have proposed in relation to the mining sector pose some important considerations for families, business and the State.

One of the key issues for discussion has […]

By | February 15th, 2015 ||