![shipping in the sunset](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/shipping-leaglseas-sunset.jpg?w=265&revision=&revision=4611686018427387904&hash=CD7402DBAFA84BBC710A6EA7A508AE33)
Publication
Modern slavery and human trafficking reporting: Maritime supply chain risks
According to the International Labour Organisation (ILO), an estimated 50 million people globally were living in modern slavery on any given day in 2021.
United Kingdom | Publication | June 2020
Many companies have made significant donations of funds, goods and services as part of international relief efforts.
These efforts are, of course, to be applauded, but it is important to be mindful of the bribery and corruption risks presented by charitable donations, particularly in emerging markets, and to take proactive steps to manage legal and reputational risks.
As well as putting donation requests through an appropriate due diligence and approval process (and carefully recording all analysis and due diligence), it is prudent for companies to ask fundamental questions about the substance of the donation request. Doing so will help to assess the risk better, and to flush out any further red flags in relation to the donation request; for example, insistence on either money or particular goods being donated, on donations being structured in a certain way or a lack of willingness to allow the company oversight or control of the process.
We have set out below some key questions to ask about the substance of the donation requests, as well as a high level summary of points to consider around process.
Publication
According to the International Labour Organisation (ILO), an estimated 50 million people globally were living in modern slavery on any given day in 2021.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023