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Description
The COVID-19 outbreak and resulting lockdown is threatening the global economy. Some economists are predicting the most severe recession in recent history, perhaps even eclipsing the Great Depression. As the economic challenges continue to mount, voluntary or forced operational shutdown is increasingly inevitable for some businesses. Businesses are implementing, or at least considering, suspension of pay or even layoffs.
Business Owners and Senior Management have been inundated with advice on the dos and don’ts of laying off employees, but the truth is that there is no ‘one size fits all’ approach to downsizing.
In this timely webinar, our Presenters will share with you the practical issues to consider when deliberating on layoffs of employees.
Programme Outline
- Overview of layoff regime in the various jurisdictions: China (CN), Japan (JP) , Korea (KR) , Philippines (PH), Thailand (TH), Malaysia (MY), Indonesia (ID), Singapore (SG)
- Employees’ rights and representations
- Rights protecting Severance pay, employee protection, mass terminations, collective dismissals
- Class and collective actions
- Dispute and limitation period
This webinar addresses the general broad and underlying principles of layoff issues in some common major jurisdictions in Asia. The detailed legal aspects pertaining to each jurisdiction will be addressed in subsequent webinars.
Target Audience
- Business Owners, C-Suite and Senior Management
- HR Professionals, Heads of Departments
- Finance and Administrative Professionals
Expert Speaker
Yeong WanHsi
WanHsi is based in Singapore, a practicing attorney and one of the few lawyers in Singapore who specialise in FinTech and has written several articles on the regulatory framework in Singapore for cryptocurrencies.
WanHsi’s expertise covers multi-jurisdictional financial regulations, mergers and acquisitions, venture capital, private equity investments, regulatory compliance, financial markets, corporate restructuring and general corporate work. She had spent a number of years in the Singapore allied practices of both Sherman and Sterling and Duane Morris before working for a significant spell in-house, first at Singapore Telecom and later as general counsel at a major regional private equity fundraising house.
Sherroy Ong (Roy)
Roy is a practicing attorney and his areas of expertise include debt and equity capital markets, Islamic finance, disputes, general corporate advice, financial regulation, and projects, including project finance.
Roy is qualified in England & Wales and Malaysia. He has a dual degree in law and finance and was with international firms White & Case in Singapore and Clifford Chance in Dubai and Saudi Arabia before becoming Head of Legal & Compliance for ANZ, in its regional Asian headquarters and HSBC in Saudi Arabia.
Roy also has a lifetime membership of the prestigious Beta Gamma Sigma international business honour society.
Both WanHsi and Roy are co-owners of ArrowGates LLC, a boutique law firm that is in close collaboration with Crowe, and in association with London city law firm, McCarthy Denning.