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Personnel leasing, which allows for the hire of employees from another employer or temporary employment agency, has become established in Slovakia. A temporary employment agency enters into an employment contract with an employee, and with an employer seeking temporary workers; it then sends the requested type of worker to the temporary employer. The agency handles payroll and any legal issues concerning the temporary employee (dismissal, for example). The temporary employers save money on payroll administration, severance pay when production is down, and they are also saved the hassle of the hiring process. Of course, the temporary employer must guarantee non-discrimination, and the working conditions (including wages) must be at least as good as with a comparable permanent employee working for the temporary employer. Such is personnel leasing.

The challenge for Asia’s capital markets is ensuring they retain their competitive edge. Here, industry specialists reveal how the region should tackle its next phase of development

Neil MacBride,

IFLR gives lawyers at Europe’s top investment banks and financial advisory firms a platform for candid debate on the issues that matter most to them

Benjamin Carale,

Julian Ries, Gide Loyrette Nouel Javier Morera, Broseta The Middle East has been the busiest region for firm news this month with a number of firms hiring new lawyers, opening new offices or both. UK firm BIRD & BIRD launched its Dubai offering in November after relocating corporate partner Anders Nilsson from its Stockholm branch to lead the office. The new base is the UK outfits' second in the region. Its first in Abu Dhabi, which was founded in 2011, acts as a hub for the firm's work across the Middle East and North Africa.

The first domestic securitisation of consumer loans has been structured in Russia, in the absence of an asset-backed security law

After the Alibaba listing saga, many are querying whether HKEx should allow dual-class share structures

The end of 2013 saw London's market regulator, the Financial Conduct Authority (FCA), release rules designed to enhance the effectiveness of the UK listing regime, and prevent majority shareholders from destroying a company's value.

Does the transatlantic OTC derivatives debate need a new direction?