The German-Thai Chamber of Commerce (GTCC), in collaboration with Luther and seven foreign chambers of commerce in Thailand, is delighted to invite you and your friends to

GTCC Multi-Chamber Eastern Seaboard Seminar

"German Supply Chain Act - The implications on businesses in Thailand"

Speakers: Mr. Fabian Lorenz, Attorney-at-Law (Germany) from Luther

Date: 23 September 2022

Time: 17:00 - 18:00 hrs

Venue: Dolphin 23rd Floor, Siam@Siam Design Hotel Pattaya (MAP​)

On 11 June 2021, the German Parliament adopted the draft Act on Corporate Due Diligence Obligations in Supply Chains. This is one step ahead of the European Union, which is currently working on a similar set of regulations on corporate due diligence and accountability for human rights, environmental and governance impacts within an enterprise's business and throughout its supply chain.

The main objective of the German Supply Chain Act is the compliance of German enterprises and their suppliers – both in Germany and abroad (e.g. Thailand) – with established human rights and environmental standards. It thus departs from the previous (voluntary) soft law approach in favour of a mandatory framework for enterprises to comply with the UN Guiding Principles on Business and Human Rights.

The new law will come into force on 1 January 2023. This seems far in future, but businesses are advised to timely begin preparations for the implementation of the new statutory requirements.

This presentation targets (German) enterprises with subsidiaries in Thailand as well as local companies working with partners in Germany, providing an overview of the following topics:

• What is the purpose of the law?
• What businesses & activities are subject to the law?
• What are the most important duties of care?
• How is compliance with the obligations monitored and enforced?
• What are the sanctions under the law?
• How to prepare your business for the new law?

Admission Fee: Baht 500

Remarks:

• Strictly no walk-ins policy. Pre-registration and pre-payment is required.
• Please register early to secure your space. Our online registration will be automatically closed when maximum capacity has been reached.
• This seminar will be followed by GTCC Multi-Chamber Eastern Seaboard Networking which is subject to an additional fee: Baht 700 for GTCC members and co-chamber members / Baht 1,200 for non-members of GTCC and co-chamber members.

If you have any questions, please feel free to contact us at corporatecom@gtcc.org or 02-055 0600.