Throughout Northern and Western Europe, various new labor laws have been implemented, and many notable amendments have been made to those already in effect for the year of 2021 and beyond. Below are some of the highlights of these new laws and amendments in specified European countries.
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With the intent to aid both employees and employers during the COVID-19 pandemic, Italy implemented a COVID-19 Relief Bill, “Ristori-bis,” which has been effective in the country since October 24th, 2020. The significant factors entailed in the decree are set out below. The obligation to make contributions to social benefits are suspended.
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Ultimate beneficial ownership filing requirements in Italy mandates that all companies operating in Italy are required to report and maintain an ultimate beneficial owner. The Legislative Decree 231/2007 has proposed a mandate that all business entities must file information pertaining to beneficial ownership (“UBO”) by March 15, 2021.
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