09 June 2020
Switzerland to hold referendum on proposed human rights due diligence law
A referendum on a Swiss civil society initiative on mandatory human rights and environmental due diligence for companies is expected to be held towards the end of the year. A number of countries are currently debating similar laws, after France introduced the Law on the Corporate Duty of Vigilance...
31 March 2020
NSW legislative committee recommends NSW Modern Slavery Act be brought into force in 2021
After receiving over 100 submissions, the New South Wales Legislative Council’s Standing Committee on Social Issues has released its Final Report into the Modern Slavery Act 2018 and associated matters ( Report ).
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.
03 September 2018
Modern slavery reporting is coming – you won’t escape the net
Companies (and certain other entities) which meet required revenue and activity thresholds may be required to report on modern slavery risks within both their operations and their supply chains under the Federal Government’s proposed Modern Slavery Bill ( Federal Bill ) or the New South Wales’...
08 January 2018
Modern Slavery Law proposed for Hong Kong
Dennis Kwok, a member of Hong Kong's Legislative Council, has sent the Chief Executive a draft Modern Slavery Bill 2017 (" Draft Bill ") for consideration. The Draft Bill is in similar terms to the Modern Slavery Act 2015 (UK) (" UK Act ") and follows proposals for similar legislation to be...
06 April 2017
UK Government pushed to impose a corporate duty to prevent human rights abuse
The UK Parliament’s Joint Committee on Human Rights latest report on Human Rights and Business has urged the Government to introduce new legislation and to take stronger enforcement action to prevent business-related human rights abuses.
02 November 2016
International Criminal Court to prosecute business and human rights
In what many NGOs are calling a warning shot to company executives and investors, the International Criminal Court ( ICC ) has indicated it will prioritise cases involving the destruction of the environment, illegal exploitation of resources and land-grabbing.
01 September 2016
Are you ready to deal with cyber risk?
An organisation's confidential information and the personal data of their customer base is a valuable commodity. Combine this with an increased reliance on doing business in a digital world and the regulatory scrutiny surrounding cyber breaches, organisations big and small need to tackle the cyber...
24 June 2016
English court makes landmark corporate modern slavery civil order
In a landmark ruling, the English Court has for the first time, awarded damages against a company in relation to modern slavery, broadening the scope of a company’s responsibility and putting business and human rights firmly on the risk map for modern businesses.
11 August 2022
When notification and disclosure collide
A claim under a Directors and Officers liability policy for investigation, defence and settlement costs has ended with the New South Wales Supreme Court 1 allowing some claims but denying others. The decision is a reminder of the importance of robust internal insurance reporting processes, and of...
08 August 2022
The UPC Rules
On July 2022 the UPC Rules of Procedure (the Rules) were announced as approved with the amendments from the previous (18 th ) draft (from 2017) being published in tracked changes form . One of the most significant changes was to opt-out procedures, as well as changes to restrict access to pleadings...
05 August 2022
Australian regulator consults on new operational risk management prudential standard
The Australian Prudential Regulation Authority ( APRA ) has released its consultation on a new cross-industry prudential standard for operational risk management, CPS 230, which proposes to introduce a range of new requirements on APRA-regulated entities for managing operational risk and enhance...
04 August 2022
Another one bites the dust – managing risk in scheme transactions in Australia
A series of public M&A transactions in Australia have recently been called off or renegotiated in light of a changing market and worsening economic conditions, highlighting the need for target companies to carefully consider and protect against deal termination risk.
04 August 2022
Cartel Intel: Interview with Ashley Brickles, Senior Managing Director at FTI Consulting
As part of our quarterly Cartel Intel series, Herbert Smith Freehills' Brussels partner Daniel Vowden sat down with Ashley Brickles, (Senior Managing Director at FTI Consulting) to discuss the latest EMEA cartel developments
03 August 2022
Tax in M&A in the UK and Europe – What you need to know
The third edition of our comprehensive guide to tax in European transactions breaks down the key tactical issues for deal professionals and boards. From transfer taxes, to debt financing, to post-deal disposal issues – our experts chart the EMEA landscape
02 August 2022
12 months reprieve for Foreign Financial Services Providers using Australian Financial Services Licence Exemptions
Today the Australian corporate regulator, ASIC, announced an extension of 12 months for the transitional arrangements for the passporting exemptions and limited connection exemption, which will now expire on 31 March 2024.