Germany passes law requiring corporate due diligence human rights, environment


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. Human Rights International due diligence environment europe germany human rights

Ketamine Due Diligence: What Any Buyer Should Know – Part 1


We have worked on several ketamine acquisitions, and one of the most important aspects of any deal is due diligence. Shortly after term sheets or letters of intent are executed, most buyers send out a due diligence request list to the seller.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Corporate Due Diligence and Private International Law

Conflict of Laws

A webinar event on “Corporate Due Diligence and Private International Law” organized by the NOVA Centre for Business, Human Rights and the Environment, will hold on February 25, 2021 at 15:00 – 17:30 CET.

European Parliament Resolution on corporate due diligence and corporate accountability

Conflict of Laws

Our blog has reported earlier on the Proposal and Report by the Committee on Legal Affairs of the European Parliament for a Resolution on corporate due diligence and corporate accountability.

Ketamine Due Diligence: What Any Buyer Should Know, Part 2


As noted in Ketamine Due Diligence: What A Buyer Should Know – Part 1 , we have worked on several Ketamine clinic acquisitions, and one of the most important aspects of any deal is due diligence.

Don't Forget Due Diligence In Race For Lateral Associate Hires

Law 360

Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher

Law firms should not rush lateral hiring, due diligence expert says


With the shift to virtual recruitment amid the COVID-19 crisis, the speed at which law firms vet and hire lateral partners has increased, according to…

European Parliament calls for legislation addressing environment and human rights in supply chains


” Despite the global nature of many European companies’ operations, there are currently no EU-wide laws requiring companies to have a mandatory EU system of due diligence in place for victims of human rights and environmental violations.

Your Legal Checklist for Selling a Business


Business business financial health business owners due diligence sell a business selling a business small business financingSelling a business is different than selling something like a car, where you hand the keys to the buyer and go on your way.

Legal 86

New E.U. Measure on Environmental and Human Rights Due Diligence Has Far-Reaching Implications for Companies Operating in Europe and Beyond

Foley Hoag LLP

companies as well as others based outside the European Union, but that operate within the European Union would very likely also be subject to comprehensive ESG-related due diligence requirements. By calling for a binding set of due diligence requirements, the E.U. Parliament recognized that “voluntary due diligence standards have limitations and have not achieved significant progress in preventing human rights and environmental harm and in enabling access to justice.’’.

Germany cabinet launches bill to strengthen rights protection in global supply chains


Germany’s cabinet on Wednesday launched the bill for the Act on Corporate Due Diligence in Supply Chains (or Supply Chain Act) aimed at strengthening the protection of human rights, health and the environment in German companies’ global supply chains.

Amazon 2021 Proxy Votes

Corporate Governance

Amazon 2021 annual meeting is May 26, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need the control number you got from ProxyVote or elsewhere. Amazon will limit questions to one per shareholder.

Amazon Shareholders Unite

Corporate Governance

Amazon Shareholders Unite Amazon Shareholder Unite for two two-way dialogues. Last summer I warned that chat rooms are the key missing ingredient at virtual shareholder meetings.

As the United States Targets China’s Human Rights Abuses, Companies Should Prepare for Stricter Due Diligence on Forced Labor

Foley Hoag LLP

Companies will need to take additional steps to ensure their due diligence processes account for potential human rights risks associated with forced labor in Xinjiang and elsewhere in the country. There are additional due diligence obligations for businesses in China because NGOs have provided credible evidence that third-party audits of factory facilities are often conducted under dubious conditions that are manipulated by the Chinese Government.

New ABA ethics opinion addresses professional responsibilities of virtual practice


Lawyers can practice law virtually but must ensure that they consider various ethical responsibilities related to the duties of competence, diligence, communication, confidentiality and supervision,…

Australia’s Two Modern Slavery Acts

Foley Hoag LLP

Indeed, the Dutch Child Labour Due Diligence Act of 2019 imposes substantial requirements for corporate supply chain due diligence and sets potential fines for noncompliance at levels much greater than those allowed for under the U.K. Guiding Principles on Business and Human Rights Supply Chains Legislation Regulation Human Rights Due Diligence Human Rights Compliance Corporate Governance

Restore Shareholder Proposal Rights

Corporate Governance

Restore shareholder proposal rights to the pre-Trump era level. That is the objective of the complaint (pdf 2021 06 15 ICCR Complaint) filed this morning in the U.S.

What You Need to Know When Buying a Cannabis Business, Part 2: The Regulatory Environment


We will deal more with this in our posts on the due diligence period and in the representations and warranties sections in the transaction documents. Conducting Due Diligence.

So You Want To Buy A Business.


It requires lots of planning, patience, and due diligence. Attorney Ian Alden Hosts A Workshop For Anyone Considering Purchasing a Business Changing circumstances due to COVID have led to many people to consider new options. Buying or selling a business is not for the faint of heart.

Hemp Banking for Credit Unions: Five Key Questions


Are you up for expansive due diligence? Those regulations impact diligence and ongoing monitoring/KYC protocols, but in the hemp world there are an additional raft of questions and monitoring obligations that a credit union should undertake on an initial and ongoing basis.

Cannabis M&A and Real Estate Transactions: What is a Closing?


Permitting the buyer to undertake due diligence. even though the buyer may have satisfactory diligence results as a closing condition, it can waive that condition if it doesn’t want to do the diligence though that’s a big risk).

BCC Announces Proposed Regulations re: AB 1525 and Financial Services


Our firm has worked with a number of credit unions to develop their due diligence protocols for working with cannabis businesses, and frankly, the level of due diligence required to ensure compliance is one of the biggest deterrents for financial institutions.

What You Need to Know When Buying a Cannabis Business, Part 4: Working With Brokers


If a broker is involved in the transaction, you and your legal counsel will need to evaluate the broker’s competence and qualifications before allowing the broker to facilitate the due diligence process or any part of the transaction.

How Does My International Cannabis Company Do Banking in the U.S.?


Smaller banks are generally not comfortable doing business with a foreign business because they do not have the resources to conduct international “KYC” (know your customer due diligence required of U.S.

I couldn’t have done it — wouldn’t have dreamed of even trying — without you and Jay. You’re the very best!

Diane Drain

Thank you so much for your diligent work and wise guidance all along the way. “I couldn’t have done it — wouldn’t have dreamed of even trying — without you and Jay. You’re the very best!

19 Tips to Streamline Records Retrieval


RESEARCH & DUE DILIGENCE. Use Google to perform appropriate due diligence upfront with each location you plan to request records to confirm their address. Be sure to track those time frames diligently, as failing to do so can create lengthy delays.

Tuesday round-up


Here’s a round-up of Supreme Court-related news and commentary from around the web: Supreme Court Adds Layer of Due Diligence: Relists Explained (Kimberly Strawbridge Robinson, Bloomberg Law).

How SPACs Can Avoid Failed China Reverse Mergers 2.0

Law 360

As red-hot special purpose acquisition companies hungry for de-SPAC transactions set their sites on Asia, practitioners can look to the failed Chinese reverse mergers of the early 2000s for lessons about regulation, due diligence and misrepresentation, say attorneys at Baker McKenzie

Tips For Managing Cybersecurity And Privacy Risks In M&A

Law 360

Cybersecurity and privacy issues in M&A transactions should no longer be an afterthought and should be treated on equal footing as other parts of the due diligence process, like tax, real estate and intellectual property, say David Kessler and Anna Rudawski at Norton Rose

What You Need to Know When Buying a Cannabis Business, Part 1: Overview


Conducting Due Diligence. Cannabis businesses are unlike typical businesses in large part due to the significant tension between federal and state laws and regulations.

Paralegal Project Management Tip


Part of the scope included the due diligence project that the associate was doing. Or, if you were to adjust the scope (skip the due diligence) and adjust the time (because you don’t have enough resources), then your triangle could recover. Fast-Track Friday Tip.

Cannabis Transactions and Letters of Intent


LOIs are usually not binding and parties are free to walk away from the deal or propose modifications based on the results of an initial diligence (if any precedes the drafting of the definitive) or during negotiations for the definitive.

Due Process and the No-Extrinsic-Evidence Rule: Challenges to Default Judgments When Service Was By Publication


In February 1999, the court signed a “Statement of Evidence” prepared by the attorneys for the taxing entities: The Court then proceeded to inquire into the sufficiency of the diligence exercised in attempting to ascertain the residence or whereabouts of the defendants cited by posting.

Cannabis Multi-State Operators: Top 5 Mistakes


We work with a good number of multi-state operator (MSO) cannabis companies. Always have. Most of these companies are publicly traded, although others remain closely held.

Scott Michael Forrester Disbarred Arizona Bankruptcy Attorney – Effective 5/5/2021

Diane Drain

Forrester “ willfully violated orders of this court ….” “ l ack of attention and diligence as to the files he is handling …” “ evidence that papers are being filed without review by the clients….which SCOTT MICHAEL FORRESTER, DISBARRED BY THE STATE BAR OF ARIZONA. EFFECTIVE MAY 5, 2021.

Indigenous Amazonians sue France supermarket chain over deforestation claims


The lawsuit claims that French grocery retailer Casino violated a 2017 law requiring businesses to do due diligence on companies within their supply chain to ensure they are not supporting organizations that perpetuate human rights violations and environmental destruction.

Oregon Cannabis: What is My Partial Marijuana Dispensary Ownership Interest Worth?


Oregon Cannabis Company Acquisitions, Part 3: Due Diligence. A couple of months ago, my colleague Vince Sliwoski wrote Oregon Cannabis Dispensary Sales: What We Are Seeing on Valuation , which focused on the secondary market for cannabis licenses and businesses.