Introduction COVID-19 has hit hard and unexpectedly, drastically reducing our mobility and economic activity. Many of our businesses are built on key contracts with customers and suppliers. Some of these contracts cross national borders. What happens to contracts in a pandemic? Fiji’s economic response to this crisis is likely to be slower and weaker than… Read more »
Monthly Archives: April 2020
Corona and Fiji Employers – Get the Law Right
Introduction Few employment laws, including Fiji’s Employment Relations Act 2007 (ERA), could foresee the COVID-19 crisis. Fiji employers, beginning with the flattened tourism industry, have had to move fast to conserve cash, including pay cuts and temporary layoffs. Now comes the paperwork. What’s legal? And how should these urgent arrangements be kept within the law?… Read more »
Change to Exchange Control Limits
Introduction 1. The Reserve Bank of Fiji (RBF) regulates external currency movements under the Exchange Control Act 1950. Thus RBF consent is needed for all external remittances over trading bank delegated limits, including capital and dividend repatriation. 2. As of 2 April 2020, due to the continuing adverse impact of COVID19 on the Fiji economy,… Read more »