The Gibraltar Chamber of Commerce has begun consultations with employment lawyers in order to update the employment legislation. The Chamber of Commerce plans to modernize the Employment Law in a way that makes Gibraltar more attractive to foreign investors and to provide security to employees.
E-gaming companies in Europe have discovered Gibraltar as a great location for their operation and want to expand their activities there. The Gibraltar Betting and Gaming Association has committed to facilitate the licensing procedures. Gibraltar has more than 15 years-experience in the remote betting and gambling which makes the small territory one of the most stable e-gambling jurisdictions in the world.
In 2015, Gibraltar will celebrate its 40th anniversary as an European Union member state and decided to amend its Companies Law that has been lingering behind the latest business practices. At the beginning of March, Gibraltar enacted its new Companies Act redacted in 2014. The Gibraltar Companies Act was last updated in 1930, which is why in 2010 a modernization of the company legislation was decided.