Proposed European law against conflict minerals
Mayer Brown Legal Update
On May 20th the European Parliament voted in favour of a strong and binding law that requires companies operating in the EU who are importing tungsten, tantalum, tin and gold (3TG), as well as importing products containing those minerals, to certify that their supply chains are free from minerals that have caused violence within conflict areas. The European Parliament voted in favour of this much more restrictive law over the less restrictive one previously proposed by the European Commission last year. London Finance Partner Rachel Speight and Associate Lara Pearce discuss the proposed changes.