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Coronavirus, economic crisis and labour relations in Russia. What to expect and why to be afraid?
The afore-mentioned global threats as well as the devaluation of the national currency have raised a number of questions for the employers of the Russian Federation that require an immediate response and decisive action.
Kazakhstan: COVID-19. FAQ on Employment Issues
The procedure for introducing changes to the employment contract is regulated by Article 33.2 of the Labour Code of the Republic of Kazakhstan (hereinafter – the “Labour Code”). Article 33 provides that along with the addendum, the employee should also receive a notice. The employee has the right to inform the employer of his/her consent or otherwise to the transfer within five (5) business days after the receipt of the notice.
Employment Relationships: How to Navigate the Coronavirus and Oil Crises
Coronavirus, global drop in oil prices, devaluation of the national currency have caused a number of questions for the employers of the Republic of Kazakhstan that shall be addressed immediately.
Borrowers in Moldova Impacted By Coronavirus. Are you ready?
Moldovan state banking regulators issued only statements instructing financial institutions how to work with clients impacted by COVID-19/coronavirus and avoid contamination but nothing about: how to get ready for potential events of default?
Measures to support taxpayers in a view of imposing the state of emergency in Kazakhstan
In a view of imposing the state of emergency in the country from 16 March to 15 April 2020 on 17 March 2020 the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan announced that the following measures have been taken to support taxpayers for this period.
16.03.2020
Coronavirus in Kazakhstan: Ways to Mitigate its Legal Effect on Business
On 15 March 2020, the President of Kazakhstan (“RK”), K.K. Tokayev, signed a decree introducing state of emergency in Kazakhstan (“SE”) from 16 March to 15 April 2020. The decree is likely to cause contractual defaults, termination of contracts, sanctions, losses and litigation/arbitration in Kazakhstan and possibly abroad.