Draft:Transparency Act
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| Transparency Act | |
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The Transparency Act (Norwegian: Forbrukertilsynet) is a Norwegian law.
Background
[edit]The United Nations Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises were fundamental sources of inspiration for the Transparency Act, and the Transparency Act explicitly requires that the due diligence is performed in accordance with the OECD Guidelines.[1]
Provisions
[edit]The Transparency Act applies to larger enterprises that are resident in Norway and that offer goods and services in or outside Norway. The Transparency Act also applies to larger foreign enterprises that offer goods and services in Norway, and that are liable to tax to Norway.[2]
According to § 5 of the Transparency Act, enterprises have a duty to publish an account of their due diligence efforts.[3]
References
[edit]Citations
[edit]- ^ Lae & Smørdal 2024, p. 3-4.
- ^ Lae & Smørdal 2024, p. 6.
- ^ Lae & Smørdal 2024, p. 7.
Bibliography
[edit]- Lae, Rebekka; Smørdal, Morten P. (22 April 2024). "Norwayʼs New Transparency Act: An Overview in Light of International Trends". Oslo Law Review. 10 (2). Universitetsforlaget: 1–12. doi:10.18261/olr.10.2.5.
This article incorporates text from this source, which is available under the CC BY 4.0 license.
