While it might seem counterintuitive, as business and human rights continues a sprint toward a mandatory paradigm, voluntary multi-stakeholder initiatives (“MSIs”) are perhaps more important than ever before. MSIs provide...more
A European legislative initiative aimed at requiring companies to undertake human rights and environmental due diligence is gradually but steadily making its way through the EU institutions.
Previously, on March 10, 2021, the...more
The European Union’s Draft Corporate Sustainability Due Diligence Directive (“CSDDD”) continues to generate ample attention and feedback. At its core, the proposed directive seeks to apply the due diligence formula of the UN...more
The European Court of Human Rights (hereinafter referred to as “ECHR”) has just granted the status of whistleblower to a former employee of PwC, in Luxemburg, who was at the origin of public revelations on certain tax...more
As the European Union (“EU”) continues to debate whether downstream responsibilities will fall within the contours of its hefty Corporate Sustainability Mandatory Due Diligence Directive (“CSMDD”), and the EU Council just...more
12/5/2022
/ Anti-Money Laundering ,
Corporate Governance ,
Due Diligence ,
EU ,
Food and Drug Administration (FDA) ,
Forced Labor ,
Human Rights ,
Human Trafficking ,
Modern Slavery Act ,
OECD ,
RICO ,
Supply Chain ,
Sustainability ,
UK ,
United Nations
With great anticipation, on September 14 the European Union proposed a new regulation broadly prohibiting the import, export and sale of goods made wholly or in part with forced labor (“Proposed Regulation”)....more
On June 21, 2022, the Council of the European Union (“European Council”) and European Parliament (“Parliament”) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”). A copy of...more
Since last February, Russia’s invasion of Ukraine has led to a series of restrictive measures against Russian and Belarusian individuals and companies, as well as sectoral measures some of which date back to 2014. The...more
6/21/2022
/ Asset Recovery ,
Belarus ,
Economic Sanctions ,
EU ,
European Commission ,
Financial Conduct Authority (FCA) ,
France ,
Office of Financial Sanctions Implementation (OFSI) ,
Russia ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
Ukraine ,
Unexplained Wealth Orders (UWOs)