News & Analysis as of

Germany European Union Risk Management

A&O Shearman

Regulatory monitoring - October 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General (i) EU - ESRB: Speech on old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis - Status: Final - The ESRB has published a...more

McDermott Will & Emery

DORA-Check

McDermott Will & Emery on

Digitale Bedrohungen und Cyberangriffe nehmen jedes Jahr zu – im Jahr 2023 verursachten sie in Deutschland Schäden von über 200 Milliarden Euro, wobei 72% davon auf Cyberangriffe zurückzuführen waren (Quelle: Bitkom,...more

Morrison & Foerster LLP

European Digital Compliance: Key Digital Regulation & Compliance Developments - October 2024

Morrison & Foerster LLP on

To help organizations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance...more

A&O Shearman

Regulatory monitoring - September 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - EC: Report on the future of European competitiveness Status: Final - The EC has published a report on the future of European competitiveness,...more

A&O Shearman

Regulatory monitoring - August 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - EBA: Opinion on measures in accordance with Article 458 CRR following a notification by the De Nederlandsche Bank - Status: Final - The EBA has...more

NAVEX

EU Regulations: The New Frontier for Business

NAVEX on

The European Union is a hotbed of regulatory activity, with new laws and directives constantly reshaping the business landscape. These changes can seem overwhelming, but understanding them is vital for any company operating...more

White & Case LLP

AI Watch: Global regulatory tracker - Germany

White & Case LLP on

Germany evaluates AI-specific legislation needs and actively engages in international initiatives. Laws/Regulations directly regulating AI (the “AI Regulations”) Currently, with the exception of minor references to AI...more

Littler

Germany: Update on the European Supply Chain Directive

Littler on

On March 15, 2024, the EU member states voted in favor of the European Supply Chain Directive (Corporate Sustainability Due Diligence Directive – CSDDD) in the EU Committee of Permanent Representatives (COREPER) after a long...more

NAVEX

GDPR Risks, and the Need for Compliance, Keep Going Up

NAVEX on

Compliance with the EU’s General Data Protection Regulation (GDPR) has long been a complicated, arduous task, but compliance officers can always start with one universal driver: your company’s GDPR risk keeps going up....more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Winter 2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Hogan Lovells

ESG Compliance and Supply Chain due diligence in the EU and Germany – What to expect in 2024

Hogan Lovells on

2023 has seen a rise of a range of ambitious ESG regulations especially in the EU. Due to the ongoing transition from a soft law to a hard law environment cast in national and supranational laws and regulations,...more

McDermott Will & Emery

Mobility@McDermott: Monthly Update (12/2023)

1. European Court of Justice rules on withdrawal rights regarding vehicle financing and leasing - In a judgment released on 21 December 2023, the European Court of Justice (“ECJ”) further clarified the requirements for...more

McDermott Will & Emery

ESG, Homeoffice und Immobilien – BaFin veröffentlicht 7. MaRisk-Novelle

Die Bundesanstalt für Finanzdienstleistungsaufsicht („BaFin“) hat am 29. Juni 2023 die siebte Novelle der Mindestanforderungen an das Risikomanagement der Banken („MaRisk“) veröffentlicht. Die MaRisk kodifizieren die...more

NAVEX

The Significance of the German Supply Chain Act (LkSG) on Global Supply Chains

NAVEX on

On January 1, 2023, Germany’s Supply Chain Due Diligence Act (abbreviated LkSG in German) entered into force, imposing extensive due diligence obligations on companies to identify, prevent, or address human rights or...more

J.S. Held

European Human Rights Due Diligence (HRDD) Legislation – Preparing for the Future

J.S. Held on

Sustainable social development is increasingly viewed as critical to ensure the future stability of the global economy and planet. This often-overlooked element of the ESG (Environmental, Social, and Governance) agenda is...more

Hogan Lovells

Ticking the box? Guidelines concerning reporting under the German Supply Chain Due Diligence Act

Hogan Lovells on

On 14 October 2022, the Federal Ministry for Economic Affairs and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle; “BAFA”), has published its long-awaited questionnaire concerning the fulfilment of the reporting...more

Jackson Walker

Supply Chain Due Diligence Requirements for Certain Companies Doing Business in Germany Soon to Go Into Effect

Jackson Walker on

On January 1, 2023, the so-called Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz) (the “Act”) will go into effect in Germany. Many companies doing business in Germany will need to ready their compliance...more

Hogan Lovells

LkSG Compliance - Die Risikoanalyse nach LkSG (Teil 1)

Hogan Lovells on

Am 18. August 2022 hat das Bundesamt für Wirtschaft und Ausfuhrkontrolle („BAFA“) – als die mit der Durchsetzung des LkSG betraute Behörde - seine lange erwartete „Handreichung zur Umsetzung einer Risikoanalyse nach den...more

Jones Day

The Impact of French and German ESG Due Diligence Laws on Business

Jones Day on

With the recently adopted SDDA, Germany joins France in imposing human rights and environmental due diligence obligations along international supply chains of large companies. The SDDA covers companies based in Germany with...more

McDermott Will & Emery

The New German Supply Chain Due Diligence Act (With a View Across the Border)

McDermott Will & Emery on

On 11 June 2021, the German Federal Parliament approved the draft bill on corporate due diligence in supply chains (Supply Chain Due Diligence Act), which was approved by the German Federal Council without any changes on 25...more

Morrison & Foerster LLP

Update On German Compliance Legislation: Supply Chain Due Diligence Act Is Adopted, Corporate Sanctioning Act Fails

At the end of the legislative period, important decisions on central compliance legislative proposals of the German Federal Government were made: On June 11, 2021, the German Federal Parliament (Bundestag) adopted the...more

Morrison & Foerster LLP

German Federal Government Agrees On Act On Human Rights Due Diligence Obligations Of Companies

On March 3, 2021, the German Federal Cabinet adopted an act on corporate due diligence obligations in supply chains (“Due Diligence Act”; sometimes also referred to as “Supply Chain Act”) (“Government Draft”). The Government...more

Latham & Watkins LLP

Vermeidung von DSGVO-Risiken nach Datenpannen und Cyberangriffen

Latham & Watkins LLP on

Die DSGVO macht es deutlich komplizierter, richtig auf Angriffe von Hackern, Datenpannen oder sonstige Cybersecurity-Vorfälle zu reagieren. Bei Fehlern drohen hohe Bußgelder, Schadensersatzforderungen, Kündigungen von...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Germany Publishes Guidance Regarding Fines for GDPR Violations

When the General Data Protection Regulation (GDPR) was introduced, one of the central topics in the media was the possibility of large fines for data protection violations. Art. 83 of GDPR set benchmarks with a maximum fine...more

Latham & Watkins LLP

COVID-19: What Companies Need to Know About Data Privacy

Latham & Watkins LLP on

Effective measures to combat data risks resulting from COVID-19 include processing personal data, but companies must balance privacy rights and employee health. German data protection authorities have published initial...more

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