International legal problems of transnational corporations’ responsibility for human rights violation

The processes of globalization providing an impact on almost all aspects of modern society in the emergence of new threats and challenges facing humankind today, dictate the need for closer cooperation between all States in order to respect human rights and fundamental freedoms. The increase in the number of international relations subjects inevitably leads to the expansion of the scope of the international law regulation. Strengthening the economic dependence of the continuity of financial and trade flows is the result of radical changes in the status of transnational corporations. In these circumstances, the violation of human rights by transnational corporations inevitably leads to the need of international cooperation. This article is focused on the contemporary issues of the transnational corporations’ legal status, issues of human rights violation by transnational corporations in frames of the international responsibility institution development.

international legal responsibility, transnational corporations, international legal personality