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DOL Signals Plan to Embrace ESG Investing Friday, March 12, 2021 On Wednesday, March 10, 2021, the Department of Labor announced that, pending further guidance, it will not enforce two recent regulations that many viewed as deterring retirement fund managers from socially conscious investing. 1 Wednesday’s statement likely foreshadows guidance or even further rulemaking by the DOL to affirmatively support investments in such Environmental, Social and Governance (ESG) funds. The regulations in question—which were released in the waning days of the Trump administration over a gro...

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Advertisement US Department of Labor Releases Final Rule Clarifying Standard for Independent Contractor Versus Employee Determination Under FLSA (US) Wednesday, January 13, 2021 On January 6, 2021, the Department of Labor (“DOL”) announced a final rule clarifying the standard under the Fair Labor Standards Act (“FLSA”) for determining whether a worker is an independent contractor versus an employee. This distinction in critical under the FLSA, as employers must comply with its minimum wage and overtime requirements for employees, but not independent contractors. The regulato...