Any company manufacturing or contracting to manufacture products using such conflict minerals had previously been required to conduct extensive due diligence on its supply chain. Following a series of partial losses in court, the SEC appears to be backing off the rule—for now.
The tragic Grenfell Tower firebrings into sharp focus the importance of having an effective product safety system in place. Prior to this event, the UK Government was already reviewing the UK's product safety and recall system.
On 26 June 2017 the new German anti-money laundering act has entered into force. Besides inter alia meeting increased risk demands and the intensified financial penalties, the 4th EU AML Directive prescribes a transparency register in the foreseeable future.
A model program for corporation integrity was introduced and the national anti-corruption system for Mexico was renewed.
On 28 June 2017, the German telecommunications regulator decided to suspend enforcement of the provisions of the German Telecommunications Act which required providers of publicly available telephone services for end users and providers of publicly available internet access services for end users to retain certain metadata from 1 July 2017 onwards.
A government Ordinance implements Directive 2014/104/EU on certain rules governing actions for damages for infringements of the competition law provisions and some important amendments to the Romanian Competition Law.