WebMar 11, 2024 · The German Supply Chain Due Diligence Act, which passed in the summer of 2024 and will take effect on January 1, 2024, provides significant penalties—up to 2 percent of a company’s global turnover for large companies, and an exclusion from public procurement for up to three years—in cases of significant violation, and other countries … WebSep 26, 2024 · The supply chain law (passed in June 2024) is one of the tools Germany is using to ensure decent working conditions worldwide. The BMZ also supports the Global Compact (External link), an alliance between business, politics and civil society that was founded by the United Nations with the aim of strengthening corporate social responsibility.
Netherlands - BHRin Law
WebDec 15, 2024 · Soon after, other European countries began to enact similar laws requiring supply chain due diligence. The Netherlands adopted the ‘Dutch Child Labour Due Diligence Law’ in 2024, Switzerland adopted the ‘Swiss Code of Obligations’ in 2024, Germany adopted the ‘Supply Chain Act’ in 2024 and Norway also adopted the ‘Transparency Act ... WebJul 2, 2024 · Dutch Child Labor Due Diligence Act Compliance Risk Kroll The new Dutch Child Labor Due Diligence Act approved by the Dutch Senate will make it a legal obligation to perform due diligence for child labor in supply chains. Read the article by John Arvanitis. dark brown temporary hair color
The new Dutch Child Labour Due Diligence Law: Some FAQs
WebDec 1, 2016 · The legal theory of corporate supply chain liability implies that a company can be held liable for damage-causing events in its supply chain if it fails to prevent the damage in violation of some duty to do so. By and large non-existent no more than a decade ago, this new legal theory is bound to become a major avenue for law suits against ... WebNov 1, 2024 · For example, the derogation allows under certain conditions a dialogue between actors in the supply chain on certain topics, the promotion of best practices, and some market transparency. ... Dutch law (business law), Leiden University, 1988; LLM in international business law, Queen Mary College, University of London, 1989. Areas of … WebJun 24, 2024 · This law will impose mandatory due diligence requirements with respect to child labor in supply chains and thus goes considerably farther than other countries’ supply chain transparency laws that simply require companies to report their efforts to address modern slavery in their supply chains. biscotti s cookies