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International Law and International Organizations
Reference:

Nagornaya I.I. Peer review of: Corporate Legal Liability under International Law / Edited by S. Tully – Alphen aan den Rijn: Kluver, 2012. – XXVII + 570 p.

Abstract: This article analyzes the content of the monograph dedicated to the legal liability of transnational corporations under the international law. A special attention is given to the questions of social responsibility of corporations, effectiveness of self-regulation, and application of the codes of business ethics. A separate review is given to the chapter dedicated to the criminal liability of corporations under the international law. The author examines the liability of the CEO for the crimes committed by the employees, which includes specifi c court cases. It is worth mentioning that the corporate self-regulation can become the source of manipulation in order to support the economic status quo. This is namely the grounds for the necessity to develop and implement global principles of business administration. The corporations can be held criminally liable for collusion and abetting to commit a crime, in addition to other reasons. However, conducting business in countries that do not uphold human rights cannot in itself be the grounds for criminal liability.


Keywords:

Corporation, legal liability, criminal liability, conditional liability, international law, code of ethics, self-regulation, business administration, profi tability, transnational corporations, global principles.


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