Publication
Legal strategies to tackle fraud in early-stage investments in Asia
In the wake of the recent eFishery scandal early-stage investors are recalibrating their approach to due diligence and risk tolerance.
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.
Publication
In the wake of the recent eFishery scandal early-stage investors are recalibrating their approach to due diligence and risk tolerance.
Publication
As we stand on the cusp of transformative change within the energy sector, anticipation builds around the UK government’s impending decision on the Review of Electricity Market Arrangements (REMA). This briefing provides a recap of the proposals made to date and looks at the potential future impact of the REMA proposals on market players.
Publication
Following the launch of the new Electricity Law on 30 November 2024, which took effect on 1 February 2025 (Electricity Law 2024), Decision No. 768/QD-TTg (Decision 768) issued on 15 April 2025 by the Prime Minister of Vietnam approved the revised National Power Development Plan VIII (PDP 8) for the period 2021–2030, with a vision to 2050. This decision replaces the previous Decision No. 500/QD-TTg, dated 15 May 2023.
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