Nevsun: A Ray of Hope in a Darkening Landscape?

2020 ◽  
Vol 5 (2) ◽  
pp. 241-251
Author(s):  
Upendra BAXI
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
Human Rights ◽  
The Netherlands ◽  
Common Law ◽  
Customary Law ◽  
High Time ◽  
Law Reform ◽  
The European Union ◽  
Business And Human Rights

AbstractThis article explores some aspects of the Canadian Supreme Court’s decision on Nevsun Resources v Araya in the light of its exposition on the act of state doctrine and application of core human rights as an integral aspect of international customary law and common law. It examines the Nevsun decision in the context of recent statutory developments in France and the Netherlands, the promised law reform in the European Union, and the proposed business and human rights treaty. I argue that it is high time to abandon the doctrinal fossil that human rights obligations do not apply to corporate governance and operations. It is hoped that COVID-19 contexts, and a post-pandemic world, will expeditiously result in the willing adoption of a treaty on business and human rights.

scholarly journals Effect of the legal system country of European commercial banks on the financial distress

2016 ◽  
Vol 4 (2) ◽  
pp. 168
Author(s):  
Nizar Baklouti ◽  
Frédéric Gautier ◽  
François Aubert
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
Legal System ◽  
Financial Distress ◽  
Commercial Banks ◽  
Common Law ◽  
Civil Law ◽  
The European Union ◽  
Financial Health ◽  
The Relationship

This study examines the effect of the legal system on the governance of banks and hence on financial distress. We compare corporate governance to the legal system in 18 countries of the European Union to explain the relationship between financial distress and bank governance. Using a sample of 147 commercial banks, we find that the effect of the legal system really counts. The results also suggest that banks operating in common law and civil law countries tend the concentration of ownership and board size to the effect of increasing the likelihood of financial distress. This study contributes to research in the governance of enterprise to provide empirical evidence that the legal system has the power to influence the financial health of banks.

scholarly journals Human Rights in the Light of the Process of Financialisation

2021 ◽  
Vol 26 (5) ◽  
pp. 161-185
Author(s):  
Tomasz Nieborak
Keyword(s):  
European Union ◽  
Human Rights ◽  
Everyday Life ◽  
Financial Market ◽  
Market Regulation ◽  
The European Union ◽  
Financial Market Regulation ◽  
The Core ◽  
Business And Human Rights ◽  
Rights Issues

Abstract The article deals with the challenges resulting from financialisation, in which we observe an increasing impact of the financial sphere in man’s everyday life. It also considers the effect of this process on the functioning of societies and concludes that the process of creating and applying financial market law must be redefined and human rights issues taken into account. In addition to the activity of the UN and the European Union in promoting the concept of business and human rights, the experiences of recent years show that combining human rights with financial market regulation is possible. To achieve this, however, many actors must be involved and a specific understanding of human rights and values must be adopted, and their protection should constitute the core of the legislator’s activity.

scholarly journals Legal challenges for the European Union concerning an international treaty on business and human rights

2021 ◽  
pp. 933-978
Author(s):  
Ondrej Blažo ◽  
Adam Máčaj
Keyword(s):  
European Union ◽  
Human Rights ◽  
The European Union ◽  
International Treaty ◽  
Business And Human Rights ◽  
Derechos Humanos ◽  
Legal Challenges

Las violaciones de los derechos humanos perpetradas por empresas son una realidad que ha sido un tema de derecho internacional y órganos de los derechos humanos por un período considerable. A lo largo de los años, se contemplaron diversas propuestas e instrumentos de carácter diverso para la regulación de la conducta empresarial. Todos son objeto de un intenso escrutinio y se han convertido en elementos polémicos entre los Estados involucrados en las negociaciones. El único documento adoptado por consenso en las Naciones Unidas, los Principios Rectores sobre Empresas y Derechos Humanos, contiene reglas no vinculantes. Sin embargo, los intentos de producir un tratado internacional vinculante nunca cesaron y actualmente se debaten con una participación considerable de la Unión Europea (UE). El objetivo de este artículo es analizar el progreso en el marco de desarrollo de las relaciones de las actividades comerciales con los derechos humanos, considerar la participación de la UE y determinar si la UE puede seguir avanzando en el estándar de protección, especialmente si tiene competencia suficiente para concluir el posible acuerdo de empresas y derechos humanos y qué enfoques son viables para que la UE implemente dicho acuerdo en su ordenamiento jurídico.

scholarly journals ZAKLADA KAO (VEĆINSKI) ČLAN TRGOVAČKOG DRUŠTVA

2020 ◽  
Vol 36 (3-4) ◽  
pp. 247-268
Author(s):  
Mihaela Braut Filipović
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
Economic Development ◽  
The Netherlands ◽  
The European Union ◽  
New Form ◽  
Charitable Purpose ◽  
Legal Entities

There is a new phenomenon in corporate governance of companies – foundations as shareholders. Foundations are traditionally held as legal entities which strive to accomplish a public or charitable purpose. However, modern practice highlights foundations which control companies (foundation-owned companies) or invest in them, thus becoming shareholders. Denmark, the Netherlands, Germany and many other countries both in the European Union and outside are a home to big successful companies under the control of foundations. In this new form of corporate governance, relation between management of foundations and companies becomes crucial, especially the extent to which a foundation is actively involved in operating the company, and possible overlapping between managers of the foundation and the company. The goal of this article is to analyze corporate governance of companies which have foundations as their major or minority members/shareholders. This article shall also research into the Croatian foundations and their involvement in companies. The research is based on the publicly available data on portfolio of foundations, which shows if Croatian foundations invest in companies, and thus act as shareholders. This article contributes to the discussion on the importance of foundations in economic development of countries through both corporate and charitable activism.

scholarly journals Effect of the legal system country of European commercial banks on the financial distress

2017 ◽  
Vol 5 (1) ◽  
pp. 40
Author(s):  
Nizar Baklouti ◽  
Frédéric Gautier ◽  
François Aubert
Keyword(s):  
European Union ◽  
Corporate Governance ◽  
Legal System ◽  
Financial Distress ◽  
Commercial Banks ◽  
Common Law ◽  
Civil Law ◽  
The European Union ◽  
Financial Health ◽  
The Relationship

This study examines the effect of the legal system on the governance of banks and hence on financial distress. We compare corporate governance to the legal system in 18 countries of the European Union to explain the relationship between financial distress and bank governance. Using a sample of 147 commercial banks, we find that the effect of the legal system really counts. The results also suggest that banks operating in common law and civil law countries tend the concentration of ownership and board size to the effect of increasing the likelihood of financial distress. This study contributes to research in the governance of enterprise to provide empirical evidence that the legal system has the power to influence the financial health of banks.

scholarly journals Preventive counter-terrorism and non-discrimination assessment in the European Union

2011 ◽  
Vol 22 (2) ◽  
pp. 89-101 ◽  
Author(s):  
Quirine Eijkman
Keyword(s):  
European Union ◽  
Human Rights ◽  
The Netherlands ◽  
Rule Of Law ◽  
Terrorist Attacks ◽  
The European Union ◽  
Religious Minorities ◽  
The Rule Of Law ◽  
Counter Terrorism ◽  
The United Kingdom

AbstractAs a result of the 9/11 terrorist attacks and the bombings in Madrid and London, a prevention-focused counter-terrorism approach has developed across the European Union. Preventive counter-terrorism is appealing because it implies interventions that remove the ability or, better still, the motivation of potential terrorists to carry out their lethal designs. Member states such as the United Kingdom and the Netherlands that primarily have experience in addressing 'home-grown' terrorism, have developed preventive counter-terrorism measures in response. Even though the majority of these laws, regulations and policies recognize the importance of the rule of law and human rights, it remains relevant to examine whether in theory and in practice particular measures have had disproportionate effects on ethnic and religious minorities and thereby violate non-discrimination standards.

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