According to BAFA President Torsten Safarik, legislation on supply chains will not force companies to withdraw from certain regions or countries. Safarik considers this to be a pretext, he says in an interview with Table.Media.
By Redaktion Table
Yesterday, the EU Parliament adopted its report on the Due Diligence Act. It corresponds to the draft of the Legal Affairs Committee with only one exception: The directors' clause did not receive a majority. The negotiations with the Council that now lie ahead will be difficult.
By Leonie Düngefeld
If the Council had its way, the financial sector would be almost entirely excluded from the EU's duty of care legislation. What this means in concrete terms is shown by an example from Mexico, in which a Luxembourg financial holding company is also involved. The case clearly shows how difficult it is to clarify the question of the responsibility of financial service providers.
By Charlotte Wirth
