Preview

BRICS Law Journal

Advanced search

Prospects of International Legal Cooperation of States Under U.N. Auspices in Developing a Treaty on Transnational Corporations and Other Business Enterprises with Respect to Human Rights

https://doi.org/10.21684/2412-2343-2021-8-1-135-161

Full Text:

Abstract

The present article is a review of the prospective adoption of a legally binding instrument to regulate, in international human rights law, the activities of transnational corporations (TNCs) and other business enterprises presently being developed under U.N. auspices, aiming for legal control of TNCs’ business functioning. The necessity for international legal control of their business’ functioning with respect to human rights cannot be underestimated as their influence has grown since striving for dominance in world commodity markets and in leading sectors of the global economy. However, quite a number of scholars question the fact that TNCs are not presently recognized as legal personalities rendering the immediate application of international law principles to their business activities all but practically impossible. At the same time, the majority of so called “soft law” principles developed in the U.N. framework in the past fifty years are nothing more than recommendations to TNCs, thus, emphasizing the urgency of developing a legally binding instrument which primarily governs transnational corporations with respect to human rights. Nevertheless, the prospective adoption of a future treaty, currently being developed by the Open-ended Intergovernmental Working Group on Transnational Corporations and other Business Enterprises with Respect to Human Rights, does not look highly promising due to a number of fundamental flaws and inconsistencies analyzed below.

About the Authors

D. Ivanov
MGIMO University
Russian Federation

Dmitry Ivanov – Associate Professor, Department of International Law

76 Vernadskogo Av., Moscow, 119454



M. Levina
Ministry of Foreign Affairs of the Russian Federation
Russian Federation

Maria Levina – Secretary-Referent, First CIS Department (1CISD

32/34 Smolenskaia-Sennaia Sq., Moscow, 119200



References

1. Ajevski M. Fragmentation in International Human Rights Law – Beyond Conflict of Laws, 32(2) Nord. J. Hum. Rights 87 (2014). https://doi.org/10.1080/18918131.2014.897795

2. De Jonge A. Transnational Corporations and International Law: Bringing TNCs Out of the Accountability Vacuum, 7(1) Crit. Perspect. Int’l Bus. 66 (2011). https://doi.org/10.1108/17422041111103840

3. Filippov V. Françafrique and Ethics in International Relations, 17(2) Vestnik RUDN. International Relations 402 (2017). https://doi.org/10.22363/2313-0660-2017-17-2-402-415

4. Paust J.J. Human Rights Responsibilities of Private Corporations, 35(3) Vanderbilt J. Transant’l L. 801 (2002).

5. Ponte K.G. Formulating Customary International Law: An Examination of the WHO International Code of Marketing of Breastmilk Substitutes, 5(2) B.C. Int’l & Comp. L. Rev. 377 (1982).

6. Ratner S.R. Corporations and Human Rights: A Theory of Legal Responsibility, 111(3) Yale L.J. 443 (2001). https://doi.org/10.2307/797542

7. Rodionova I. & Shuvalova O. World Industry, International Production and Foreign Direct Investments, 9(12) Fundamental Research 1988 (2014). https://doi.org/10.17513/ fr.36476

8. Sinyakin I. & Skuratova A. Jus Cogens: The Historical Aspect and Contemporary Value for International Law, 41 Perm University Herald. Juridical Sciences 526 (2018). https://doi.org/10.17072/1995-4190-2018-41-526-545


For citation:


Ivanov D., Levina M. Prospects of International Legal Cooperation of States Under U.N. Auspices in Developing a Treaty on Transnational Corporations and Other Business Enterprises with Respect to Human Rights. BRICS Law Journal. 2021;8(1):135-161. https://doi.org/10.21684/2412-2343-2021-8-1-135-161

Views: 300


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2409-9058 (Print)
ISSN 2412-2343 (Online)
X