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Holding the purse strings : the continuing evolution of human rights law and the potential liability of the finance industry for human rights abuses

McBeth, Adam 2005, Holding the purse strings : the continuing evolution of human rights law and the potential liability of the finance industry for human rights abuses, Netherlands quarterly of human rights, vol. 23, no. 1, pp. 7-34.

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Title Holding the purse strings : the continuing evolution of human rights law and the potential liability of the finance industry for human rights abuses
Author(s) McBeth, Adam
Journal name Netherlands quarterly of human rights
Volume number 23
Issue number 1
Start page 7
End page 34
Publisher Studie- en Informatiecentrum Mensenrechten
Place of publication Belgium, Netherlands
Publication date 2005-03
ISSN 0924-0519
Summary While the responsibility of States and, in more recent times, corporations, has been thoroughly discussed in relation to human right~, a new stage of evolution may be emerging in relation to the liability of the financial backers of an enterprise that is accused of human rights abuses. This article considers the basis in international law for such emerging liability and examines some of the legal avenues used in recent domestic litigation against financial institutions. The article concludes by examining some of the relevant instruments of 'soft' international law and notes that although there is little in the way of concrete legislation or judicial precedent that would hold financial institutions responsible for the actions of those they invest in, the potential for the law to evolve in that direction is clear.
Language eng
Field of Research 180199 Law not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30002944

Document type: Journal Article
Collection: Law
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