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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

journal contribution
posted on 2005-03-01, 00:00 authored by Adam McBeth
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.

History

Journal

Netherlands quarterly of human rights

Volume

23

Issue

1

Pagination

7 - 34

Publisher

Studie- en Informatiecentrum Mensenrechten

Location

Belgium, Netherlands

ISSN

0924-0519

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

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