2013
DOI: 10.2139/ssrn.2371216
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Multinational Corporations in International Law

Abstract: This paper analyses the status, rights and obligations of multinational corporations (MNCs) under international law, focusing in particular on international human rights, investment, environmental and criminal law. Private companies wield increasing economic and social power, frequently rivalling the one of states. While they are thereby in a position to contribute to the economic and technological development of societies, they can also harm human rights, damage the environment, or commit crimes. Domestic law… Show more

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Cited by 6 publications
(5 citation statements)
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“…In Europe, corporations have successfully relied on the protection afforded under the European Convention on Human Rights. 59 They have judicially secured the rights to property, privacy, fair trial and freedom of expression under the Convention. 60 Therefore, it appears so convenient for businesses to legally claim these rights while rejecting the responsibility to respect those of others.…”
Section: The Corporate 'Responsibility' To Respect Human Rights -An Imentioning
confidence: 99%
“…In Europe, corporations have successfully relied on the protection afforded under the European Convention on Human Rights. 59 They have judicially secured the rights to property, privacy, fair trial and freedom of expression under the Convention. 60 Therefore, it appears so convenient for businesses to legally claim these rights while rejecting the responsibility to respect those of others.…”
Section: The Corporate 'Responsibility' To Respect Human Rights -An Imentioning
confidence: 99%
“…The legal definition of transnational economic activity uses the same territorial approach. For example, the UN Draft norms on the responsibilities of transnational corporations and other business enterprises with regards to human rights, define TNC as an "economic entity operating in more than one country or a cluster of economic entities operating in two or more countries -whatever their legal form, whatever in their legal home country or country of activity, and whether taken individually or collectively" 9 .…”
Section: Transnational Corporations As Quasi-subjects Of Transnationa...mentioning
confidence: 99%
“…Frequently, domestic law is not fully effective in governing the global aspects of TNC operation and its enforcement does not always ensure full control of their illegal activity. At the same time, the TNCs' role as major investors and donors of technology may give them excessive leverage to resist oversight of their compliance with human rights law, environmental requirements and safeguards against illegal activity [9]. For example, the Bank of Credit and Commerce International, was found in 1991 to be a criminal organisation in the United States and Great Britain for corrupt behaviour, involvement in money laundering and terrorist financing [10].…”
Section: Transnational Corporations As Quasi-subjects Of Transnationa...mentioning
confidence: 99%
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“…Domestic instruments have often proven insufficient to hold accountable perpetrators who operate globally, and flexibly move across borders. 275 Ending impunity consequently remains an elusive goal, despite the considerable merits of the international criminal judiciary. The subjection of individuals and legal persons to legal constraints is still an area where the international rule of law evidences considerable weaknesses.…”
Section: Tackling Of Impunitymentioning
confidence: 99%