Tag Archives: Patricia Volhard

European Union Finally Adopts Corporate Sustainability Due Diligence Directive

by Samantha Rowe, Patricia Volhard, Jin-Hyuk Jang, John Young, Ulysses Smith, Jesse Hope, Harry Just, and Andrew Lee

Photos of the authors

Top left to right: Samantha Rowe, Patricia Volhard, Jin-Hyuk Jang and John Young. Bottom left to right: Ulysses Smith, Jesse Hope, Harry Just and Andrew Lee. (Photos courtesy of Debevoise & Plimpton LLP)

On 24 May 2024, the European Council (the “Council”) formally adopted the Corporate Sustainability Due Diligence Directive (the “CSDDD” or the “Directive”). The regime introduces human rights, environmental and governance due diligence obligations for in scope companies’ and their subsidiaries’ operations, and in their “chain of activities”, which are companies’ supply and distribution chains.

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Germany: Mandatory Human Rights Due Diligence

by Samantha J. Rowe, Patricia Volhard, Philipp von Holst, Jin-Hyuk Jang, Christina Heil, Merryl Lawry-White, and Jan Schoberwalter

The German government has adopted a draft human rights due diligence regulation, the so-called Supply Chain Act (Lieferkettengesetz) (the “Act”), aimed at ensuring companies’ compliance with human rights with respect to their business activities throughout their global supply chains. The draft act is scheduled to enter into force in 2023 and will initially apply to companies with more than 3,000 employees.

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UK Financial Conduct Authority Publishes Details on Extension of Senior Managers and Certification Regime

by Karolos Seeger, Patricia Volhard, Simon Witney, and Andrew Lee

On 13 December 2017, the UK Financial Conduct Authority (“FCA”) issued three new consultation papers[1] providing further details on its extension of the Senior Managers and Certification Regime (“SMCR”) to almost all firms regulated by the FCA. Some of the FCA’s key proposals are summarised below. We have previously published a client update outlining the main features of the extended SMCR.[2] Continue reading →