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Germany passes law requiring corporate due diligence human rights, environment

JURIST

The German Parliament passed a law on Friday requiring large and medium-sized businesses to do their due diligence in combating human rights violations along their supply chain. The Bundestag adopted the draft law by a large majority. The law introduces a shift to mandatory compliance with international norms on labor exploitation.

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EU blocks proposal to foster corporate due diligence within the bloc

JURIST

The Corporate Sustainability Due Diligence Directive (CSDDD) aimed to accomplish these goals while also protecting human rights and the environment in companies’ operations and corporate governance. The post EU blocks proposal to foster corporate due diligence within the bloc appeared first on JURIST - News.

Diligence 118
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UN Draft Treaty on Transnational Business Enterprises and Human Rights in the Making: Raising the Global Bar in Corporate Litigation

ClimateChange-ClimateLaw

The future legal value of the Draft Treaty will be that of enforceable regulation, provided of course that it is adopted in its current form. The Draft Treaty is still being negotiated and amended. The Draft Treaty complements soft law in the same area, namely the UN Guiding Principles on Business and Human Rights.

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The Process of Buying or Selling a Business: A First-Time Buyer’s Guide to Due Diligence

Strictly Business

Due diligence is the buyer’s process of discovering and evaluating information about a seller’s business to confirm that acquiring the seller’s equity or assets is a sound investment. However, the process of conducting due diligence differs between transactions for a variety of reasons.

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European Union: EU Publishes Draft Corporate Sustainability Due Diligence Directive - Mayer Brown

Mondaq

The Draft Directive also provides a mechanism for sanctions to be imposed for non-compliance with the due diligence obligations and provides for director responsibility and accountability in relation.

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The Corporate Sustainability Due Diligence Directive: PIL and Litigation Aspects

Conflict of Laws

Introduction After extensive negotiations, on 24 April 2024, the European Parliament approved the Corporate Sustainability Due Diligence Directive (CSDDD or CS3D) as part of the EU Green Deal. A similar provision to that effect can be found in the draft UN Legally Binding Instrument on business and human rights.

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United States: Human Rights And The Environment – What US-based Companies Need To Know About The EU Draft Corporate Sustainability Due Diligence Directive - Mayer Brown

Mondaq

On 23 February 2022, the European Commission published its much-anticipated draft corporate sustainability and due diligence directive (the Draft Directive).