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9 10 2024 Regulatory Compliance for Multinationals ESG Considerations 13 дней назад


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9 10 2024 Regulatory Compliance for Multinationals ESG Considerations

Heightened regulatory scrutiny and government enforcement in the fields of trade, ESG, and antitrust create a challenging environment for multinational firms, particularly because rules and enforcement priorities differ in the EU, U.S., and other jurisdictions. Often, tensions between the diverging underlying goals of these different regulatory frameworks make compliance complex and give rise to enforcement and litigation risk. For example, a joint initiative with rival businesses to reduce greenhouse gas emissions (promoting environmental sustainability) may run afoul of antitrust laws addressing collaboration with competitors (aimed at ensuring competition in free markets). The focus on global supply chains because of increased national security concerns in the international trade context has added to the administrative burden, with ESG and forced labor among the elements attracting regulators’ attention. Our panelists will explore the differences between the U.S. and EU regulatory approaches and suggest potential best practice risk-minimizing and mitigation strategies. They will also discuss ESG regulatory and enforcement issues specifically related to antitrust and trade from both the EU and U.S. perspective. Panelists: Mark Butscha, Jr., Partner, Thompson Hine Joanna Redelbach, Counsel, Van Bael & Bellis Andreas Reindl, Managing Partner, Van Bael & Bellis Samir Varma, Partner, Thompson Hine Services

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