Tag: Compliance
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CEO Liability under Chinese Law
Last week I had a consultation regarding a company acquisition. My client intends to acquire shares of a Chinese corporation. At the same time, my client wants to take a management position in the target company. In this context, the question arose whether this would also give rise to special liability risks. Today’s article is […]
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The ‘dormant’ company under Russian law – a good model or a one-way street to state ownership?
Recently I had another consulting case where a German company wants to withdraw from a foreign market and dissolve its company there – the specific case was about a market exit from Russia. Specifically, it was about a distribution company, which is still operated in St. Petersburg. The German parent company has decided to serve […]
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The UK Modern Slavery Act compared to the German Supply Chain Act
On January 1st, 2023, the new Supply Chain Due Diligence Act will come into force in Germany. This obliges larger companies to comply with environmental, social and human rights standards in their (international) supply chains. And indeed, I have been observing more and more corporate inquiries on the topic for a few weeks now. What […]
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The EU-Russia Sanctions in the Context of Business with the United Arab Emirates
Last week I had a case with an extremely interesting international context. A company from Germany is active in the field of plant engineering of cooling systems. In order to position itself even more broadly on the market, the German company also offers the construction of plants in Russia. However, the company does not do […]
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China’s Anti-Sanctions Law in potential collision with domestic SCR regulations
As already highlighted in several blog entries, from 01.01.2023 on, German companies are obliged by national German regulations under the Supply Chain Act to check to what extent their suppliers violate human rights, environmental, labor protection standards. And rules on corporate due diligence have been or are being introduced in other countries as well, such […]
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Scope of application of the supply chain due diligence act for international corporations
From 2023, the new regulations on the Supply Chain Act will come into force in Germany. In consulting, there is now often contradictory information on the scope of application with regard to international groups and, in particular, whether employees of foreign subsidiaries must also be taken into account for the employee thresholds. From 2023, the […]
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The new supply chain due diligence act – also relevant for small companies?
In Germany, starting from 2023 – large companies will be the required by law to check the extent to which their business activities violate aspects such as occupational health and safety, minimum wage, health and environmental standards. The legal framework therefore is the new Supply Chain Due Diligence Act. The corporate obligations will apply from […]
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