April and May 2024 mark historic months when it comes to supply chain due diligence obligations for EU and non-EU companies that operate in the EU. Going forward, companies will not only be required to identify and address...more
On May 24, 2024, the CS3D was finally formally adopted by the Council, which marks the final step of a long and winding legislative process. This legislative process had begun in February 2022 with the Commission’s proposal....more
On February 22, 2024, Frankfurt won the joint vote to host EU’s central enforcer in the fight against financial crime. The new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (“AMLA”) will...more
Recent developments in the European Union (EU) as well as political demands indicate that the criminal prosecution of sanctions violations in the EU will be further intensified and possibly even centralized:...more
Jüngere Entwicklungen in der Europäischen Union („EU“) sowie politische Forderungen deuten darauf hin, dass die strafrechtliche Verfolgung von Sanktionsverstößen in der EU weiter intensiviert und gegebenenfalls sogar...more
At the end of the legislative period, important decisions on central compliance legislative proposals of the German Federal Government were made:
On June 11, 2021, the German Federal Parliament (Bundestag) adopted the...more
Zum Ende der Legislaturperiode sind wichtige Entscheidungen zu zentralen Compliance-Gesetzgebungsvorhaben der Bundesregierung getroffen worden:
Der Bundestag hat am 11. Juni 2021 das „Gesetz über unternehmerische...more
Das Bundeskabinett hat am 3. März 2021 den Entwurf eines Gesetzes über unternehmerische Sorgfaltspflichten in Lieferketten („Sorgfaltspflichtengesetz“ oder „Lieferkettengesetz“) beschlossen („Regierungsentwurf“). Der...more
On March 3, 2021, the German Federal Cabinet adopted an act on corporate due diligence obligations in supply chains (“Due Diligence Act”; sometimes also referred to as “Supply Chain Act”) (“Government Draft”). The Government...more
3/29/2021
/ Civil Claims ,
Discrimination ,
Due Diligence ,
EU ,
Export Controls ,
Forced Labor ,
Germany ,
Human Rights ,
Labor Ministry ,
Reasonable Best Efforts ,
Remedial Actions ,
Reporting Requirements ,
Risk Management ,
Sanctions ,
Slavery ,
Suppliers ,
Supply Chain ,
Workplace Hazards
Addressing the responsibility and accountability of companies in relation to their environmental and human rights impact has long been at the top of the agenda at the European level. On 10 March 2021, the European Parliament...more
The comprehensive reorganization of the sanctioning of companies for company-related criminal offenses through an Association Sanctions Act (“ VerSanG ”) is drawing closer. The Federal Council approved the federal...more