The New Corporate Due Diligence Act: Potential Liability under Civil Law and Administrative Law | White & Case LLP
To embed, copy and paste the code into your website or blog: The key aspects of the German Act on Corporate Due Diligence Obligations in Supply Chains ("LkSG" or "Act") have already been explained in our previous Client Alert. In the following, we will take a closer look at the liability consequences in the event of a violation of the obligations set out in the LkSG. Background On 25 June 2021, the widely discussed LkSG was approved by the Federal Council ( Bundesrat) as well. This marks the German legal prelude to a development that international companies currently find themselves facing, w...