New Zealand’s competition enforcement agency The Commerce Commission has finalised its guidance for directors and senior managers of consumer credit p.
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has placed Myanma Gems Enterprise on its Specially Designated National list which means the vast majority of Burmese rubies, jade, and other gems cannot be purchased by U.S. companies.
Myanma Gems Enterprise also known as Myanmar Gems Corp. and Myanmar Gems Enterprise is a subdivision of the government’s ministry of mines and is “responsible for all gemstone activities in Burma,” according to a statement from the Treasury Department. It also organizes the local emporiums and sales where rubies and jade are sold, including one currently taking place in the country’s capital, Naypyitaw. (The company did not respond to a request for comment submitted via its Facebook page.)
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Commentary: Germanyâs proposed supply chain law should provide for civil liability and align with international standards Germanyâs proposed supply-chain lawâa glass half-empty
âThe strongest law in Europe.â Thatâs what the federal minister of labour, Hubertus Heil, is calling Germanyâs proposed legislation on supply chains (
Lieferkettengesetz). Is he right?
Well, yes and no. The government plans to introduce a new duty of care for human rights. If approved by parliament, Germany will become only the second country with such a law.
Germany s proposed supply-chain law—a glass half-empty – Johanna Kusch and Claudia Saller socialeurope.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socialeurope.eu Daily Mail and Mail on Sunday newspapers.
Switzerland: ESG reporting and due diligence requirements
On 29 November 2020, Swiss voters opted for the introduction of EU-style ESG reporting and due diligence requirements and against the so-called Responsible Business Initiative.
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In brief
On 29 November 2020, Swiss voters opted for the introduction of EU-style ESG reporting and due diligence requirements and against the so-called Responsible Business Initiative. While the initiative would have added teeth to the civil liability regime for the violation of international human rights and environmental standards across the supply chain, the substantive requirements regarding ESG reporting and due diligence across the extended enterprise are not any lighter under the chosen approach. We expect that affected companies will have to apply the new requirements in financial year 2023.