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The next frontier: Offshore wind development in Asia
In the face of significant global headwinds in the sector, green shoots are emerging in 2025 for offshore wind in Asia after a turbulent 24 months.
Canada | Publication | November 22, 2024
Public Safety Canada first published guidance in December 2023 to assist organizations in complying with the requirements of Canada’s new modern slavery legislation. The guidance was updated in March 2024. Following its review of the first reporting year, the ministry has further amended the guidance. The updates relate primarily to understanding which organizations are required to report under the Act, the scope of the reporting requirements, and addressing some common questions that arose during the first reporting year.
Canada’s new modern slavery legislation, the Fighting Against Forced Labour and Child Labour in Supply Chains Act (the Act), came into force on January 1, 2024. Public Safety Canada (PSC) first published guidance on the Act’s requirements on December 20, 2023, which was first updated in March 2024. For more information about the legislative requirements and previous guidance, please see our earlier legal updates.
On November 15, 2024, the federal government published further amended guidance that clarifies some of the key interpretative questions that arose during the first reporting year. The updates relate primarily to understanding which organizations are required to report under the Act, as well as understanding the scope of the reporting requirements.
During the first reporting year, the federal government focused on compliance promotion and awareness, in alignment with its public statements that it would be taking an incremental approach to implementing the Act. PSC has stated in its latest guidance that while it recognizes certain organizations have complex supply chains that may limit their visibility over all activities, the reporting exercise aims to ensure organizations are working towards increased visibility. While PSC has not publicly stated the approach it will take during the second reporting year, we anticipate PSC may provide further details during its information session scheduled for January 15, 2025.
Stay up to date with further developments by visiting our modern slavery legislation hub.
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In the face of significant global headwinds in the sector, green shoots are emerging in 2025 for offshore wind in Asia after a turbulent 24 months.
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Charlotte Hillyard, Senior Innovation Lawyer in the Innovation Design and Technology team and one of Norton Rose Fulbright's Generative AI leads, will be sharing her insight at several prominent legal technology events in the coming week.
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We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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