07 November 2019
New and emerging technology: What this means for human rights and business in the digital age
The increasing velocity and convergence of new and emerging digital technologies will have a significant impact on our lives. Our submission to the UN Human Rights Council provides our perspective on the key challenges and opportunities for the protection of human rights in light of these digital...
30 September 2019
Could Germany introduce a mandatory human rights due diligence law?
On 10 September 2019, the seventh anniversary of the devastating fire in the Ali Enterprises factory in Pakistan whose main customer was the German retailer KiK, a coalition of NGOs and trade unions in Germany launched a campaign calling for the issuance of a mandatory supply chain due diligence...
16 August 2019
NSW Modern Slavery – opportunity to provide input
In June 2018, the Parliament of New South Wales passed the NSW Modern Slavery Act , ahead of the Commonwealth Modern Slavery Act which passed in December 2018. However, the NSW Modern Slavery Act is yet to commence and it has been reported that the NSW Special Minister of State had received advice...
25 July 2019
Mandatory human rights due diligence on the cards in the US?
On July 10, 2019, the U.S. House of Representatives Committee on Financial Services opened debate on the discussion draft of a bill that would require publically listed companies to conduct human rights due diligence and report on their findings and responses.
23 July 2019
Review of the Equator Principles – Draft EP4 released for comment
The Equator Principles ( EPs ) is a risk management framework adopted by financial institutions to determine, assess and manage environmental and social risks of the projects they finance. Established in 2003, the EPs have been adopted by 96 financial institutions in 37 countries. These financial...
17 July 2019
Modern Slavery: UK Government responds to Independent Review
The UK Government has published its response to the independent review of the UK Modern Slavery Act 2015, together with a consultation paper on proposed changes to the statement on transparency in supply chains required under section 54 of the Act . If implemented, these changes could increase the...
28 June 2019
Avoiding breaches of competition law when collaborating on ESG initiatives
When collaborating with other industry participants on your next environmental, social or governance (" ESG ") initiative, it is important to remember competition law and the need to avoid sharing competitively sensitive information.
15 April 2019
Canada appoints first Ombudsperson for Responsible Enterprise, paving the way for the investigation of human rights abuses by Canadian multinationals
Sheri Meyerhoffer will serve as the first ombudsperson, following her appointment on April 8, 2019. 1 The Government of Canada announced the creation of the Ombudsperson role in January 2018, but until now it was unknown who would fill the position. 2
06 March 2019
US sanctions enforcement action highlights the importance of human rights due diligence
A recent enforcement action by the US Department of the Treasury’s Office of Foreign Assets Control ( OFAC ) has highlighted the importance of human rights due diligence as part of an effective sanctions compliance programme.
29 June 2018
Federal Modern Slavery Bill introduced to Parliament
Closely following the passage of the NSW Modern Slavery Act on 21 June 2018 ( NSW Act ), a federal Modern Slavery Bill was introduced to Parliament on 28 June 2018. Debate on the Bill has been adjourned until the next Parliamentary sittings period, which begins in August 2018. The Government has...
25 June 2018
Modern Slavery Update: First Australian modern slavery legislation passes in NSW
New South Wales has become the first Australian jurisdiction to introduce specific modern slavery legislation. The NSW Modern Slavery Act ( NSW Act ) is distinct from the proposed federal Act, which is expected to be tabled for debate in the federal Parliament in the coming weeks and is also likely...
06 December 2019
Corporate Crime update, December 2019
Welcome to the December 2019 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each jurisdiction, please click read more on...
04 December 2019
Online harmful content: the race to regulate
The decentralised, global internet has democratised many facets of everyday life, and consequently has allowed everyday citizens, extremists and everyone in between to share their views. The consequential proliferation of online harmful content meant some form of regulation was inevitable. However...
04 December 2019
Tech Regulation Series: The End of Permissionless Innovation?
The tech regulatory landscape is changing rapidly. It is complex and fragmented, both globally and by subject matter, making it difficult for technology providers to navigate. Almost weekly there are new headlines warning of risks and perils of ‘big tech’ and misuse of data. Now, more than ever, it...
02 December 2019
THE ANTI-BRIBERY AND ANTI-CORRUPTION REVIEW - THE 8TH EDITION: RUSSIA CHAPTER
The article highlights recent trends and summarises key developments of the anti-bribery and anti-corruption landscape in Russia. As a member of leading international organisations and conventions on countering corruption Russia makes efforts to implement international best practice. The country is...
29 November 2019
Considerations for bidders who dispose of target shares during a scheme
The application by ASIC to the Takeovers Panel in the recent Australian Unity Office Fund ( AOF ) trust scheme is a reminder that there are a number of important considerations that a bidder should keep front of mind if proposing to dispose of a pre-scheme stake during a scheme of arrangement.
29 November 2019
ASX Listing Rule Amendments – Implications for Head Office
The ASX recently released a significant suite of revisions to the ASX Listing Rules and new and updated Guidance Notes. We have highlighted below some of the key changes relevant to companies from a corporate governance, executive remuneration and market disclosure perspective.
28 November 2019
Contingency fees set to be introduced for Victorian class actions
On 27 November 2019 the Victorian Government tabled in Parliament the Justice Legislation Miscellaneous Amendments Bill 2019 (Vic) which introduces a new power to permit contingency fees to be ordered in Victorian class actions. If passed, the new law will permit plaintiff law firms to receive a...
28 November 2019
PUBLIC TO PRIVATE: THE RETURN OF THE PRIVATE EQUITY BIDDER
2019 has seen a significant rise in the number of private equity (PE) and other financial buyers on public mergers and acquisitions (M&A). When a PE house undertakes a public M&A transaction, it should be aware from the outset that there are some key differences to private M&A, and that...
25 November 2019
Executive Summary: The rise of workforce activism
The paradox of the robotic age is that automation will only make human skills more valuable. The World Economic Forum estimates that 75 million jobs will be lost to automation by 2022 but 133 million new jobs will be created – jobs requiring uniquely human qualities such as emotional intelligence...
25 November 2019
The new world of work: report warns of an unprecedented rise in workplace activism
Across all sectors and geographies workers are becoming more vocal in articulating their views – about the workplace, their employer and about wider social issues – and increasingly holding organisations to account, enabled and amplified by social media. This trend is set to grow and gives rise to...