
Dan Brecher
Counsel
212-286-0747 dbrecher@sh-law.comFirm Insights
Author: Dan Brecher
Date: August 20, 2015

Counsel
212-286-0747 dbrecher@sh-law.com
Under the Modern Slavery Act, a “commercial organization” must prepare a slavery and human trafficking statement for each financial year. The mandatory corporate disclosure must state the steps the organization has taken to ensure that slavery and human trafficking are not taking place in any of its supply chains and in any part of its own business, or that the organization has taken no such steps.
A “commercial organization” is broadly defined as a corporation or partnership that carries on a business, or part of a business, in any part of the United Kingdom. However, the disclosure obligations apply to companies with a turnover of over £36 million.
Pursuant to the UK statute, a company’s statement may include the following information:
It is important to highlight that the statute does not create an affirmative obligation to develop a compliance program to address human trafficking in the supply chain. However, companies must publicly disclose that they do not have any policies or procedures in place. Accordingly, the British government is relying on pressure from the public, as well as advocacy organizations, to encourage corporations to voluntarily adopt measures to combat slavery and human trafficking in their supply chains.
The UK’s mandatory annual reporting requirements take effect in October. The Secretary of State is expected to publish additional compliance guidance in the near future.
In the United States, California is currently the only state to require businesses to disclose the steps they are taking to combat slavery and human trafficking. However, federal legislation could be on the horizon.
Last month, U.S. Representatives Carolyn Maloney (D-NY) and Chris Smith (R-NJ) introduced the Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 (H.R. 3226), which would require publicly traded companies with over $100 million in annual worldwide gross receipts to disclose their policies on human trafficking, slavery, and forced labor on their websites as well as in annual reports filed with the Securities and Exchange Commission (SEC).
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Owning a residential rental property in New Jersey involves more than finding tenants and collecting rent. Property owners must comply with a combination of state laws, municipal ordinances, building and housing codes, and zoning and land use regulations. These requirements can affect everything from the number of dwelling units permitted at a property to whether […]
Author: Donald M. Pepe

The five most common real estate disputes are breach of contract claims, landlord-tenant conflicts, zoning and land use disagreements, construction claims, and boundary disputes. Understanding why each arises, and taking preventive steps early, can help property owners, tenants, developers, and investors avoid costly litigation. Key Takeaways: Real estate transactions are complex endeavors involving numerous parties […]
Author: Paul Grossman

Once a child turns 18, parents lose the automatic legal authority to make medical and financial decisions on their behalf, even if the child still lives at home or remains on the family’s insurance. Three documents close that gap: a durable power of attorney, a health care proxy or directive, and a HIPAA authorization. For […]
Author: George McGowan

Business mediation is a confidential, voluntary process in which a neutral third party helps companies negotiate a resolution to a commercial dispute without going to trial. Because working with a mediator is very different from litigating in the courtroom, it is important to understand how commercial mediation works, when it makes sense for your dispute, […]
Author: Paul Grossman

The five most common causes of construction defect litigation are design defects, substandard materials, workmanship defects, code violations, and subsurface defects. Because these flaws can compromise a building’s integrity, functionality, or safety, they frequently lead to disputes involving multiple parties and high financial stakes. Key takeaways: What is Construction Defect Litigation? Construction litigation is complex, […]
Author: Paul Grossman

The most effective ways to protect your business in a divorce are put in place before one begins: a prenuptial or postnuptial agreement, clean separation of business and personal finances, and divorce contingencies built into your operating or buy-sell agreements. If divorce is already underway, the priorities shift to establishing how the business is classified […]
Author: Jay McDaniel
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!