"German Supply Chain Act - The implications on businesses in Thailand"
Speaker: Fabian Lorenz, Rechtsanwalt / Attorney-at-Law (Germany),
INC Corporate Services (Thailand) Co., Ltd., a partner firm of Luther
Tuesday, 26 October 2021
08:30 - 10:00 hrs. (Thailand time)
on-site at The Westin Grande Sukhumvit/ via Zoom Webinar
On 11 June 2021, the German Parliament adopted the draft Act on Corporate Due Diligence Obligations in Supply Chains. This is one step ahead of the European Union, which is currently working on a similar set of regulations on corporate due diligence and accountability for human rights, environmental and governance impacts within an enterprise's business and throughout its supply chain.
The main objective of the German Supply Chain Act is the compliance of German enterprises and their suppliers – both in Germany and abroad (e.g. Thailand) – with established human rights and environmental standards. It thus departs from the previous (voluntary) soft law approach in favour of a mandatory framework for enterprises to comply with the UN Guiding Principles on Business and Human Rights.
The new law will come into force on 1 January 2023. This seems far in future, but businesses are advised to timely begin preparations for the implementation of the new statutory requirements.
This presentation targets (German) enterprises with subsidiaries in Thailand as well as local companies working with partners in Germany, providing an overview of the following topics:
- What is the purpose of the law?
- What businesses & activities are subject to the law?
- What are the most important duties of care?
- How is compliance with the obligations monitored and enforced?
- What are the sanctions under the law?
- How to prepare your business for the new law?
- GTCC Members with webinar access - Free of charge
- Non-members with webinar access - THB 500
- All on-site guests - THB 1,200
Event Venue & Nearby Stays
The Westin Grande Sukhumvit, Bangkok, Thailand