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International Investment Law Reforms and the Draft Business and Human Rights Treaty: The More Things Change, the More They Remain the Same?

LICHUMA, Caroline Omari

2023 • In Journal of World Investment and Trade, 24 (4-5), p. 718-743

Peer reviewed

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https://hdl.handle.net/10993/57015

DOI
10.1163/22119000-12340308

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Keywords :

Business and Human Rights (BHR); Foreign investors; International Investment Law (IIL) reforms; Third Revised Draft; Transnational Corporations (TNCs)

Abstract :

[en] Foreign investors enjoy the best of both worlds, often to the detriment of local communities, indigenous groups and other rightsholders who suffer violations in their wake. Such investors operate transnationally and access vast amounts of resources in host States around the world enjoying substantial rights secured through numerous trade and investment agreements while their human rights and other obligations remain less clear and more difficult to enforce. Given the relatively undertheorized interaction between efforts to come up with a binding treaty within the regime of business and human rights (BHR) and the reforms currently underway in the regime of international investment law (IIL), this contribution argues that despite reforms in IIL and progress towards a BHR treaty, rightsholders are likely to remain under protected in reality.

Disciplines :

European & international law

Author, co-author :

LICHUMA, Caroline Omari ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Law (DL)

External co-authors :

no

Language :

English

Title :

International Investment Law Reforms and the Draft Business and Human Rights Treaty: The More Things Change, the More They Remain the Same?

Publication date :

25 September 2023

Journal title :

Journal of World Investment and Trade

ISSN :

1660-7112

eISSN :

2211-9000

Publisher :

Brill, Leiden, Netherlands

Special issue title :

Reform and Retrenchment in International Investment Law

Volume :

24

Issue :

4-5

Pages :

718-743

Peer reviewed :

Peer reviewed

Focus Area :

Law / European Law

Additional URL :

https://brill.com/view/journals/jwit/24/4-5/article-p718_7.xml

Data Set :

https://brill.com/view/journals/jwit/24/4-5/article-p718_7.xml

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since 28 September 2023

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Bibliography

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