Economics, Finance & Law on MNEs

Multinational Enterprises (MNEs) are key actors within the world economy alongside the states. Is there currently a legal personality for MNEs in international law? Law reflects moral connections and it is not static which means that its content is shaped according to new situations and demands. In many situations MNEs have already been acceded as subjects of international law -- Iran versus US claims tribunal 1981 . There is a tendency to admit MNEs as actors in international law. It could be said that MNEs are not in position to freely decide if they accept their responsibilities according to international law and especially in the human right field. There is a need for more transparency in MNEs actions. MNEs are key actors in globalisation and they have a duty to act in conformity with international law. This author thinks that there is a need in distinguishing between the MNE as an economic entity and so allowing the national law of establishment, the private international law and the international commercial law to deal with the economic matters and the MNE as a whole unit (parent company with all subsidiaries regardless its separate establishment in various states under national laws) an international social policy actor in globalisation whose actions affect the global world.