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Trade and services regulations in Luxembourg
If you are a UK business providing services in Luxembourg, you will need to follow Luxembourg regulations about:
If you were living in Iceland before 1 January 2021
Information for British citizens moving to or living in Iceland, including guidance on residency, healthcare and driving.
UK sanctions guidance for Uzbek businesses
Information about UK sanctions and relevant local laws to support compliance of non-UK businesses operating in Uzbekistan.
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
U.S Department of Labor to announce new overtime rule by summer
The Department of Labor is proposing a rule that could benefit almost five million workers in the first year. The rule would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The amendment to the Fair Labor Standards Act (FLSA) would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The Department of Labour’s goal is for hard workers to receive fair compensation, as it was noted “a convenience store manager, fast food assistant manager, or some office workers may be expected to work 50 or 60 hours a week or more, making less than the poverty level for a family of four, and not receive a dime of overtime pay”.
The National Retail Federation expects that many employers will try and avoid costs by reducing workers’ hours or hiring more part-time workers.
The Florida Chamber of Commerce said in a statement the new federal overtime proposal will likely hurt business in the state rather than help. So far, more than 10 regional chambers of commerce have voiced their opposition to overtime changes.
The Department of Labor has received nearly 300,000 comments on the proposed rule, and is reviewing feedback with aims to announce the final rule by July 2016.
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