Collaboration with the Financial Times FOCUS
Exclusive:
Avoiding the perils
of Transformation
SCOTLAND
•
•
The UK Environment Bill 2019-21 is to be introduced, with the view to enhance wildlife, tackle air pollution, transform resource and waste management, and improve the resilience of water supplies.
Scotland’s Deposit Return Scheme is anticipated to reduce the £46 million spent each year on litter removal.
GERMANY
•
•
The draft Mobile Working Act intends to give employees the legal right to
a ‘home office workplace’.
The Due Diligence Act introduces requirements for European companies to meet certain minimum standards of due diligence to reduce environmentally destructive practices across their supply chains.
DUBAI
•
•
•
Law No.17 of 2020 on the Non-discriminatory Minimum Wage will take effect in 2021. This introduces the requirement for a national minimum wage to be set by the Minister and reviewed annually.
The requirement for non-Qatari citizens to obtain a 'No-Objection Certificate' from their employer to be able to transfer to a new employer is also removed by Law No.17. This could increase greater competition in the labour market.
The Dubai international financial centre (DIFC) has enacted data protection law DIFC law no. 5 of 2020 (DPL) to regulate the processing of personal data in the DIFC. The DPL brings the DIFC's data protection regime in line with global data protection standards.
CHINA
•
•
•
China recently stated its aim to achieve carbon neutrality before 2060 through adoption of vigorous policies and measures.
Group buying: Only five years old, Chinese e-commerce platform Pinduoduo reported that more than $163bn of goods flowed across its platform in a year. By sharing Pinduoduo’s product information on social networks users can invite their contacts to form a shopping team to get a lower price for their purchase.
The Discrimination Legislation (Miscellaneous Amendments) Ordinance 2020 came into immediate affect in June 2020, providing a number of additional protections covering: harassment in the workplace; race discrimination; breastfeeding employees; and intention to discriminate..
HONG KONG
•
•
Analysis from PWC shows that COVID-19 has opened up new opportunities for online-based consumption in Hong Kong where it was previously thought it was too convenient for this to be a necessary strategic focus for retailers.
The Hong Kong Government is reviewing the Personal Data (Privacy) Ordinance (“PDPO”) aiming to strengthen the protection for personal data.
WHAT WE
FOUND
of the businesses indicated their transformation initiatives of the past three years did not deliver all of their intended outcomes. 39% completely failed.
Access the exclusive findings
Findings from research of 250 European business executives
What's Included?
DOWNLOAD NOW
retail & consumer horizon scanner 2022
For clarity on what lies ahead, explore over 30 issues that should impact your decision making in 2022.
DOWNLOAD THE REPORT
What’s driving the industry in 2022?
SHAPING TRENDS
Every transformation project is different and we wanted to understand current executive perspectives. So in partnership with FT Focus we interviewed 250 European business executives. They confirmed that transformation is a business priority, but many projects are failing. There are however some measures that businesses can adopt to succeed.
DOWNLOAD THE REPORT
businesses are seeking to transform. However…
60%
49%
executives report that legal and regulatory challenges are their businesses’ top transformation priority.
#1
Six transformation risk trends
Four practical measures that your business can adopt
The critical role of in-house lawyers
For lessons learnt please get in touch:
We’re helping clients deliver transformation.
“One of the most important lessons we’ve learned is the need for a cultural shift when moving to agile.”
Managing Director, Banking & Financial Services
“Customer-facing organisations face huge legal complexity when transforming, due to the tremendous amount of data they have on those customers.”
Chief Transformation Officer, Technology
Andrew Rosling
Co-Head of Retail & Consumer Sector, Partner, Mergers and Acquisitions
London
+44 (0)20 7880 5613
Email Andrew
View profile
Partner, Corporate
London, UK
+44 (0)20 7160 3100
Email Ben
View profile
Ben Koehne
Partner, IP and Commercial Services
United Kingdom
+44 (0)113 209 7662
Email Georgina
View profile
Georgina Powling
What are businesses concerned about? And what can they do about it?
Exclusive:
Avoiding the Pitfalls of Transformation
WHAT'S INCLUDED?
Why? What are businesses concerned about? And what do they do about it?
Download the report for the findings and to understand the four practical measures that your business can adopt.
"As a firm we are all too aware of the legal and regulatory hurdles in any transformational project - it was really interesting to see just how front of mind they are with senior executives. A reflection maybe of just how bold and creative a lot of transformation projects actually are: a fundamental re-imagining and re-engineering of the business DNA with inevitable complexity. As you will see in the report, it's no surprise to those involved in major projects that technology, culture and governance are central to success, and that the right in-house legal teams are a big part of unlocking solutions."
Andrew Rosling, Partner, Addleshaw Goddard