Month: February 2019

Ukraine minimum wage increases

As of 1 January 2019, the Ukrainian government increased the minimum statutory monthly wage from UAH 3,723 to UAH 4,173. Additionally, Ukraine increased financial penalties against employers who breach employment laws, such as failure to pay salaries in a timely […]

South Korea to encourage online insurance exchange

Amendments are in progress to the Enforcement Decree of the Insurance Business Act and the Regulation on the Supervision of Insurance Business to capture and encourage online insurance exchange platforms, streamlining processes and reducing costs for individuals and groups seeking […]

Luxembourg extends supplementary pension reforms

As of 1 January 2019, pension coverage has been extended to the self-employed and liberal professions through new supplementary pension schemes. Article 8 of the new pension reform law has, since 21 August 2018, reduced the maximum period of employment […]

Hungary labor law amendments to so-called “Slave Act”

On 12 December 2018, the Hungarian parliament adopted amendments to the Hungarian Labor Code to address the country’s growing labor shortage and improve economic growth. The amendments went into effect 1 January 2019. The most controversial change is to the […]

Hong Kong increases paternity leave

Effective 18 January 2019, the Employment (Amendment No. 3) Ordinance 2018, increased Hong Kong statutory paternity leave from three days to five days. The daily rate of statutory paternity leave pay (80 percent of the daily average wages of the […]

Hong Kong increases minimum wage

Hong Kong’s Executive Council recently approved a statutory minimum hourly wage increase of 8.7 percent, or HKD 3.00, per hour. If approved by the Hong Kong Legislative Council, the minimum hourly wage would rise from HKD 34.50 to HKD 37.50 […]

Chile to regulate employment contracts for specific tasks or services

Effective 1 January 2019, new provisions have been introduced to regulate employment contracts for specific, non-permanent work or services. Employees under this type of employment contract will have the following rights: 15 days of paid annual leave when the work […]