Posts tagged #due diligence

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OGH: Notaries and Negligence

Civil Law 

The drafter of a contract must, within the limits of what is possible and reasonable, inform the parties to an agreement of legal and financial effects of and explain to them the risks involved, taking into account potential unfavourable economic dev...

OGH on Chairlift Operators’ Liability

Civil Law 

In transportation contracts, the obligation not to harm the physical well-being of passengers is considered a secondary contractual obligation. The first and second plaintiffs were riding the defendant’s chairlift in January 2018, when the weather su...

Germany: New Supply Chain Due Diligence Act (LkSG)

Corporate Law 

The new German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz, LkSG) will come into force on 1 January 2023. This Act introduces new corporate due diligence requirements for corporate management as well as control duties for sup...

Environment & Human Rights: EU obligations for companies are coming

Corporate Law 

At the EU level, plans are taking shape to introduce a directive to create binding corporate due diligence obligations in the areas of the environment and human rights. Compliance with "effective due diligence" is to be monitored by national supervis...

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