Publication
Development finance facilities: Prospects for APAC
Sponsors and project developers across the renewables and energy transition space are currently facing a challenging macroeconomic environment.
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Canada | Publication | December 11, 2023
As the world marks the 75th anniversary of the Universal Declaration of Human Rights, we remind companies with a connection to Canada that new modern slavery legislation will come into force January 1, 2024, with mandatory annual reporting requirements.
Canada’s new Fighting Against Forced Labour and Child Labour in Supply Chains Act imposes an obligation on many entities with a connection to Canada to report on the measures taken to prevent and reduce the risk that forced labour or child labour is used by them or in their supply chains. The legislation will come into force on January 1, 2024, and will require in-scope entities to provide prescribed information to the federal government by May 31, 2024, about the preventive measures taken by them during 2023. Canada Business Corporations Act corporations and other federally incorporated entities must also provide a copy of the report to their shareholders.
On December 10, 1948, the General Assembly of the United Nations adopted the Universal Declaration of Human Rights. It set out, for the first time, fundamental human rights to be universally recognized and protected. The declaration is widely recognized as having inspired, and paved the way for, the adoption of more than 70 human rights treaties, including the International Labour Organization conventions on fundamental labour rights that are cited in Canada’s new modern slavery legislation.
For further information about which entities must file a report under Canada’s new legislation, the required contents of the report and the steps to take in preparation for the filing, please see our earlier updates here and here.
Publication
Sponsors and project developers across the renewables and energy transition space are currently facing a challenging macroeconomic environment.
Publication
The case of Robert Kneschke v. LAION e.V. marks a significant milestone in the legal landscape concerning the use of copyright works for AI training. As the first of its kind in Germany, the outcome of the case has the potential to reshape the intersection of AI development and copyright law, setting a precedent with broad implications for the AI industry and intellectual property protection. With many stakeholders tracking the case closely, the decision in the case could influence similar legal battles across Europe and beyond.
Publication
On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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