In the EU, the new year brings on the one hand hope for relief regarding ESG reporting and disclosure obligations (I. below). On the other hand, the EU Deforestation Regulation (EUDR) will create new burdens for many...more
1/20/2025
/ Compliance ,
Disclosure Requirements ,
Documentation ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Germany ,
Omnibus Guidance ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
SFDR ,
Small and Medium-Sized Enterprises (SMEs) ,
Supply Chain ,
Sustainability
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
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
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
On April 22, 2020, the German Federal Ministry of Justice and Consumer Protection ("BMJV") issued the official draft bill for an Association Sanctions Act (" VerSanG-E " or " Law") as part of a "Law to Strengthen Business...more
On 22 April 2020, the German Federal Ministry of Justice and Consumer Protection (“BMJV”) presented the official draft bill of the Corporate Sanctioning Act (“VerSanG-E” or “Act”) as part of the “Act promoting integrity in...more