- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2023-02-07T21:14:00
Labor laws in European countries might not be as clear as some employers believe, especially when companies try to engage workers as freelancers rather than full-time employees.
Recent cases culminating in fines, repayments, and compliance costs have shone a spotlight on how some companies operate in the “gig economy,” as well as how difficult it might be for businesses to legitimately contract out work on a rolling basis.
Toward the end of January, Spain’s labor ministry fined app-based food delivery company Glovo 56.7 million euros (then-U.S. $61.7 million) for breaking the country’s labor laws aimed at protecting gig economy workers, according to multiple reports, including from Spanish newspaper El Confidencial.
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Earlier this year, amid then-Republican presidential candidate Donald Trump’s campaign promise to end taxes on tips in the U.S., the U.K. government introduced a new law to ensure that all tips are paid in full to staff, regardless of whether they were given in cash or by credit card. ...
Spain’s labor ministry fined the Big Four accountancy firms at least €1.4 million (U.S. $1.5 million) total for overworking and underpaying their respective employees, continuing a recent trend in the country of the government cracking down on apparent labor violations.
Financial services firm Cantor Fitzgerald will pay a $6.75 million fine to the Securities and Exchange Commission for making misleading statements regarding two special purpose acquisition companies that it controlled.
A lack of supervision and internal controls at Morgan Stanley Smith Barney allowed four of its investment advisers to steal millions from customers before the behavior was detected, the SEC said in charging the firm.
A subsidiary of McKinsey & Co. will pay nearly $123 million to the Department of Justice to settle allegations that it bribed officials in South Africa to win consulting contracts.
A defamation lawsuit filed by a whistleblower against USAA, which a Florida judge recently dismissed on a technicality, revealed in public court records an estimated 400,000 violations of the Military Lending Act by USAA Federal Savings Bank (USAA Bank), an indirect wholly owned subsidiary of USAA.
