Act repealing the Act on Corporate Due Diligence Obligations to Prevent Human Rights Violations in Supply Chains (Supply Chain Due Diligence Obligations Repeal Act)

The Act Repealing the Act on Corporate Due Diligence Obligations to Prevent Human Rights Violations in Supply Chains has been proposed by the German Parliament. The bill aims to repeal the existing law, citing its outdated nature and the need for companies to adapt to the European Union's Lieferkettenrichtlinie (CSDDD), which sets stricter standards for supply chain due diligence. This would eliminate the need for separate compliance with the German law, reducing bureaucratic burdens on businesses.