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The eminent case of Aguinda v. Chevron Corporation, currently in its twentieth year of litigation, represents a growing phenomenon in international commercial litigation between multinational corporations and victims of human rights abuse from developing nations. In 2011 Aguinda awarded...
Persistent link: https://www.econbiz.de/10013017523
Like other states, Canada has eschewed a legal response to dealing with the problem of extractive companies' involvement in violations of human rights in their overseas activities. This is despite the fact that Canadian extractive companies have been the subject of an increasing number of...
Persistent link: https://www.econbiz.de/10013019318
The Companies Act 71 of 2008 (the Companies Act) was promulgated in April 2009 and came into effect on 1 April 2011. The purpose of this Act is, among other things, to promote compliance with the Bill of Rights as provided for in the Constitution of the Republic of South Africa, 1996 (the...
Persistent link: https://www.econbiz.de/10013020639
The indispensable role that transnational corporations play as vehicles of foreign investment and economic development cannot be overemphasized. Developing countries, of which Nigeria is one, understand the impact of the activities of these corporations on their economic growth and development....
Persistent link: https://www.econbiz.de/10013024214
Multi-stakeholder initiatives (MSIs) are increasingly used as a default mechanism to address human rights challenges in a variety of industries. MSI is a designation that covers a broad range of initiatives from the very general (for example, the UN Global Compact) to those targeted at a single...
Persistent link: https://www.econbiz.de/10013026674
The adoption of the U.N. Guiding Principles on Business and Human Rights represents a watershed moment in the business and human rights movement. Nevertheless, despite its achievements, the work to align business and human rights issues remains.One approach to furthering the work in this area...
Persistent link: https://www.econbiz.de/10012992513
Global economy has been the driving force behind socio-economic development in all parts of the world. Yet in certain segments, it can negatively affect the dignity of ordinary workers, particularly in developing countries. Global business production nowadays functions through various levels of...
Persistent link: https://www.econbiz.de/10012921561
Persistent link: https://www.econbiz.de/10012625729
The major stakeholders, including states (at least, in the global North) and transnational corporations (TNCs), have radically changed their attitude to the idea of mandatory human rights due diligence in the last decade. By asking what is behind these good intentions, and whether the mandatory...
Persistent link: https://www.econbiz.de/10013226513
Since the dawn of human civilisation the corporate class has been a very influential position as far as the framing of law and policies of a nation is concerned. On the one hand, with the advent of industrialisation in Europe, the market economy was boosted, on the other hand, several cases of...
Persistent link: https://www.econbiz.de/10013233277