On 2 November 2022, Dutch members of parliament submitted an updated version of the Bill for Responsible and Sustainable International Business Conduct (in Dutch: de Wet verantwoord en duurzaam internationaal ondernemen) to the House of Representatives of the Netherlands (the RSIBC Bill; an unofficial English translation can be accessed here).
The RSIBC Bill aims to enhance compliance with the OECD Guidelines for Multinational Enterprises (the OECD Guidelines) by introducing statutory obligations for certain (large) undertakings in relation to international responsible business conduct. The RSIBC Bill also intends to encourage the advancement of ambitious EU rules on such conduct, to be included in the potential Corporate Sustainability Due Diligence Directive (for which the European Commission submitted a draft proposal in February 2022).
In this blogpost, we will briefly set out the key aspects of the RSIBC Bill and provide a short commentary focused on the scope and civil enforcement of the proposed legislation.
For the full article written by Cécile Rouméas, Senior Associate, and Guido Bongers, Associate at CORLA Founder Firm Pogust Goodhead and published on 29th November 2022, please click here.
Published on February 8, 2023 by CORLA