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Wow, does anyone who's looked into this more know if this is as big as it sounds? Are there obvious loopholes?
Because legally mandated corrections of existing human rights abuses in the value chains of corporations would change corporations entirely.
That's a paradigm shift.
As far as I know it‘s pretty toothless due to but not exclusively pressure from Germany, who in the end abstained from the vote. It will be introduced in steps in the future, there won‘t be any civil prosecutions and oversight will be minimal.
Okay, so there are administrative fines and civil liability, as well as exclusion from public procurement and restrictions on access to financial markets.
It'll be interesting to see what happens going forward. I'm glad to see there are at least consequences in some form rather than just due diligence guidelines that the corporations can willfully ignore without penalty.
yeah, you‘re right! I am surprised there‘s civil liability, I thought this was omitted, but I was wrong.
Yeah civil liability seems like a big one.
Let's see how that plays out.
Ah, thanks. Shane
Germany actually has a stricter domestic law already than what the EU is doing here.
But reality of course never matters. As long as Europeans can tell themselves the fairy tale of how they successfully fought those bad Germans for every slightly positive achievement, they are happy. Even if it's actually too little or meaningless or just virtue-signaling. Or several of those things combined...
In which ways is the German law stricter?
Is there such a strong anti German sentiment in the European parliament? Or generally in Europe?
Behind closed doors in the actual workings of the EU things are different.
But there is an universal law that you can always dress unpopular but neccessary EU decisions or compromises as "Germany made us do it" at home and can always get bonus points if you tell the story how you bravely fought Germany to push through a popular EU decision.
Basically the same propaganda for domestic a audience in slightly modified form that Orban has made an art form in Hungary.
I guess it goes both ways though :I
I looked up the differences between the German and EU supply chain law, and you can‘t really suggest the German one was stricter. It for example doesn‘t include civil liability. Germany abstaining as well as them blocking other legislation recently kinda made them look like an ass. Coming from a German perspective.