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A fine in excess of €30 million directed at an international clothing retailer last week was a very real reminder to employers about the risks involved in encroaching into the private lives of employees, and the collection of excessive employee data. The action was a result of an investigation by the Hamburg Data Protection Authority which uncovered questionable data handling practices at one of its service centres in Germany.

Alvarez & Marsal’s Compensation and Benefits Practice recently released its 2020/2021 study on compensation practices in the oil and gas exploration & production (E&P) industry.

On October 20, 2020, A&M Chief Marketing Officer Linda Orton, along with Chief Marketing Officer of Passle, Connor Kinnear, presented to the Legal Marketing Association (LMA) 2020 Virtual Conference on How to Turn Busy Lawyers into Recognized Thought Leaders.

With unprecedented pressure on regulators and pharmaceutical organisations to bring COVID-19 treatments to market as soon as possible, we should expect quality functions within pharma companies to come under a brighter spotlight.

To support businesses through Covid-19 the Government announced that VAT payments could be deferred for three months. The deferral applied to VAT payments due between 20 March 2020 to 30 June 2020.   Businesses were not required to notify or apply to HMRC if they wished to defer their VAT payments and were given until 31 March 2021 to settle the VAT liability.

In July, the European Court of Justice (EJ) ruled in ‘Data Protection Commissioner v Facebook Ireland and Max Schrems’ – or ‘Schrems II’ – that US data collection policies are not compatible with EU citizens’ rights under the General Data Protection Regulation (GDPR). This invalidated the EU-US Privacy Shield that had governed data transfers between the EU and US.

Following the release A&M Taxand Shares Updates to the UK Job Retention Scheme , the treasury issued The Job Support Scheme (JSS) policy paper.

On Friday 23 October, further information has been released in the initial Job Support Scheme (JSS) fact sheet published.

Alvarez & Marsal's (A&M’s) Compensation and Benefits Practice is pleased to share the results of its 2020 Oil and Gas Exploration & Production (E&P) Compensation Report. This year, we partnered with Equilar, who added commentary on their research and observations regarding compensation trends across numerous industries.

Incentive Compensation for Oil and Gas Exploration & Production Executives Comprises 81% of CEO and 78% of CFO Total Compensation