Homa Publica (Dec 2020)
[Retracted Article] Extraterritorial protection of human rights according to US civil jurisprudence
Abstract
This last decade there has been a shift in investment agreements, which traditionally focused on unilateral protection of investors–mainly multinational enterprises (MNEs) –, but now increasingly turning toward a more balanced approach to include corporate social responsibility. This has been significantly intensified since the adoption of the United Nation Guiding Principles on Business and Human Rights in 2011. As a matter of legal approach, not simply a voluntary one, how and to what extent do the trend to toward this balanced approach take into account this Guiding Principles and other CSR standards into legal framework developed by States through their duty to regulate and adjudicate in investment law regime? This paper shows that at least from recent cases of legal development through State duty to regulate in investment treaties and duty to adjudicate in matters related to dispute settlement, there is an initial and limited, but significant trend of legal development toward such a balanced approach for business and human rights in investment law regime.
