News

Extended measures in response to COVID-19

June 15, 2021

As we have previously reported in the newsletter, the Government has pursued various measures to reduce the negative effects of the COVID-19 pandemic on the labour market, including the implementation of qualifying-period compensation for employees and reduced employer’s social insurance contributions for persons aged 19-23.

The Government has now resolved to extend several of these measures. Both qualifying-period compensation for employees and compensation paid to employers for sick-pay costs which, as a consequence of COVID-19, exceed normal costs were extended up to and including 30 September 2021.

As regards the reduction in employer’s social insurance contributions for persons aged 19-23, they are currently reduced to 19.73 per cent. However, according to Government Bill 2020/21:202, Extra Amending Budget for 2021 – Additional reduction of employer’s social insurance contributions for 19-23-year-olds from June-August 2021, it is proposed that an additional reduction to 10.21 per cent apply in June, July and August for persons who, at the beginning of the year, had reached the age of 18 but were not yet 23. It has been proposed that the additional reduction enter into force on 19 June 2021, but it has not yet been adopted.                             

The REPowerEU Plan – The EU Commission’s response to the energy market disruptions

On 18 May 2022, the EU Commission presented the REPowerEU Plan in response to the current world-wide energy market disruptions which have been caused by Russia’s invasion of Ukraine.
May 24, 2022

Sanctions update April 14

Further to our previous sanctions updates Sanctions update March 16, Sanctions Newsletter update 11 of March, Sanctions newsletter of 3 of March, Sanctions newsletter of 25 of February, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
April 14, 2022

New guidance on sustainability agreements between competitors

On 1 March 2022, the European Commission published draft revised guidelines on co-operation between competitors, together with draft revised block exemption regulations for specialisation agreements and R&D agreements. Unlike the current guidelines, which expire on 31 December 2022, the new guidelines include a chapter on the assessment of so-called sustainability agreements.
April 01, 2022