The role and responsibilities of transnational corporations in international law regarding human rights violations

LL.M. (International Law)Abstract: At first the position of transnational corporations (TNCs) in international law seems clear. They are not classic subjects of international law and therefore not recipients of international law rules and responsibilities. However, in today´s globalised society and economy, the importance of non-state actors is greater than ever. In many countries, particularly developing countries, the power and influence of transnational corporations often define politics and job markets. A great number of people in many countries depend on these global players, primarily in view of the jobs and revenue they provide. Unfortunately, corporations often ignore the immense social responsibility they have. They know about the power they wield and the dependency that people, at all cost, have on them. Instead of taking great care and responsibility, they often exploit the dire situations people are in for their own benefit. Human rights violations are a result of this, not only of labour rights but of fundamental rights in general. The existence of this situation requires a discussion about the role of transnational corporations in international law, particularly regarding human rights violations. Are transnational corporations responsible and accountable? How can they be held accountable? Is there a need to extend the circle of international law subjects? Is it possible, with the aid of international law, to resolve this problem? These questions will define the scope and objective of this study