On 12 December, the EU Forced Labour Regulation (âRegulationâ) was published in the EU Official Journal. The publication is following the EU Councilâs approval of the Regulation on 19 November 2024. The text of the Regulation was approved by qualified majority with 25 EU Member States voting in favour and 2 EU Member States abstaining from voting. The Regulation was signed by the President of the European Parliament and the President of the EU Council…
On 2 October 2024, after months of speculation, the EU Commission announced a proposal for a further 12 months of âphasing-inâ time for the implementation of the EU Deforestation Regulation (âEUDRâ), as well as the publication of its long-awaited guidelines and updated FAQs relating to the EUDR (see press release here). The announcement of the extension comes after multiple global stakeholders, including German chancellor Olaf Scholz, called for implementation to be delayed amidst concerns about…
On July 25, 2024 the Corporate Sustainability Due Diligence Directive (CSDDD) came into force. Generally, the directive imposes new due diligence obligations on large companies operating in the EU. The legislator requires them to identify, prevent, mitigate, and remediate human rights violations and environmental impacts throughout their entire âchain of actionsâ. The member states shall transpose the CSDDD into national law by July 26, 2026. As businesses are trying to navigate through this evolving regulatory…
On 14 December 2023, the European Council[1] and the European Parliament[2] announced that they have reached a provisional agreement on the new Corporate Sustainability Due Diligence Directive (“CSDDD”), which sets out obligations for companies to mitigate their negative impact on human rights and the environment, around issues such as child labor, slavery, labor exploitation, biodiversity loss, pollution and environmental degradation. This provisional agreement marks a significant milestone in the legislative process of introducing the CSDDD…
Soon, substantial penalties can be expected for non-compliance with the proposed Corporate Sustainability Due Diligence Directive (âCSDDDâ) which oblige companies to implement due diligence processes to address their adverse impact on slavery, child labor, labor exploitation, biodiversity loss, pollution, and environmental degradation. What is new? On 23 February 2022, the EU Commission proposed the CSDDD.[1] Later, on 30 November 2022 the EU Council adopted its negotiating position (âgeneral approachâ) on the CSDDD.[2] Recently, on 1…
Baker McKenzie’s Import and Trade Remedies blog recently published “Business consequences and recommendations on the tightened import ban on iron and steel imposed by the EU,” which can be found here.