The era of the London Interbank Offered Rate ("LIBOR"), the world's most referenced benchmark for short-term interest rates, is scheduled to end by 2022
On October 21, 2020, PayPal Holdings, Inc. (“PayPal”) announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly within their PayPal account.
In Uber, the driver previously accepted Uber's standard form agreement. The agreement contained an arbitration clause, which required the Uber driver to resolve any disputes in the Netherlands. The arbitration process also cost $14,500USD in administrative/commencement fees, which represented most of the driver's annual income.
On April 6, 2020, the Government of Alberta announced the immediate implementation of temporary changes to Alberta’s Employment Standards Code (“the Code”). The stated purposes for these changes are to allow businesses to respond to current public health measures while supporting employees’ connection to the workforce and their ability to access federal assistance programs. In addition, these changes are expected to provide businesses with additional flexibility so that they can remain operational during the current public health and economic crisis.