Conclusion

Abstract

Due to their economic powers and their dispersion around the world, MNCs have a global influence and that they should therefore be subject to effective regulation in order to balance their power in the international arena. Concerns on MNCs reach a peak when it comes to involuntary creditors who are not able to negotiate or shift their losses elsewhere, such as tort victims affected by the transnational operations of MNCs in host countries. Globalisation, which triggered both the formation and expansion of MNCs while creating its own victims on the other side of the spectrum, has also led to the necessity of regulating these structures, as the sensitivity and diligence of consumers, investors and other stakeholders on respecting human rights also keep growing. Soft law instruments, including CSR tools, often remain insufficient in ensuring compliance, especially in host countries which are usually developing or least-developed countries, and it has therefore become a pressing need to regulate this issue in statutory law.