On January 26, 2017, the Governor of Puerto Rico approved the Labor Transformation and Flexibility Act, which makes substantial changes to virtually all existing Puerto Rican employment laws.
The Puerto Rico Department of the Treasury issued Tax Policy Circular Letter No. 16-08 on December 23, 2016, establishing new rules regarding the validity of, and request for, retirement plan qualification letters.
On January 9, 2017, Venezuela's President Nicolás Maduro announced a 50% increase in the monthly minimum wage for the private and public sectors, effective January 1, 2017.
En Gaceta Oficial N° 41.070, de fecha 9 de enero de 2017, fue publicado el aumento del cincuenta por ciento (50%) sobre el salario mínimo mensual para los trabajadores que presten servicio en los sectores público y privado.
The January edition of the Insider Report reviews what federal agencies accomplished in the final weeks of 2016, discusses state and municipal laws that advanced in December, and previews what the 115th Congress has in store for 2017.
El 5 de diciembre de 2016, el Ministerio del Trabajo de Venezuela publicó la Resolución N° 10.002 que garantiza una protección especial contra despidos en beneficio de los trabajadores que integran los Consejos Productivos de Trabajadores.
On December 5, 2016, the Venezuelan Ministry of Labor published Resolution N° 10.002, which guarantees a special protection against dismissal for workers who are members of a Productive Workers’ Council (known as “CPT,” for its acronym in Spanish).
On November 29, 2016, France’s National Assembly adopted the text of a bill that, if enacted, would create new due diligence obligations for large French companies regarding their subsidiaries’ and supply chain members’ labor practices.
