Title: Multinational Corporations in International Law
Authors: Wouters, Jan
Chané, Anna-Luise
Issue Date: 2015
Publisher: Hart Publishing
Series Title: Studies in International Law vol:55
Host Document: Non-State Actors in International Law pages:225-251
Article number: 11
Abstract: This chapter 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 rivaling 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 has proven to be insufficient to promote the positive effects of business by safeguarding a stable and reliable economic environment, and to curb the negative effects by ensuring accountability. Assessing MNCs in the framework of international law, this chapter comes to the conclusion that, independent of whether or not MNCs have international legal personality, they enjoy considerable rights under international investment law and under international human rights law. Conversely, MNCs do not have binding obligations under international law, notwithstanding a range of initiatives, attempting to create, both, voluntary and non-voluntary instruments.
ISBN: 9781849465113
Publication status: published
KU Leuven publication type: IHb
Appears in Collections:Institute for International Law
Leuven Centre for Global Governance Studies

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