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Paper Points out Extraterritorial BHR Jurisdiction Problems
March 17, 2016
A paper from the International Organisation of Employers argues that extraterritorial jurisdiction for courts in developed countries "is not a quick fix" for remedying business and human rights ("BHR") violations and calls instead for UN action seeking to strengthen national judicial systems in the developing world.
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France Requires Disclosure of Climate, Social Financial Risks
March 17, 2016
The Climate Law Blog at Columbia Law School reports that the French Government has issued a decree requiring institutional investors to publicize how the companies in which they invest report environmental and social information and to disclose risks caused by climate change in their investments.
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World Bank, ISO Collaborate on Global Standards
March 16, 2016
The World Bank Group has announced that it has signed a memorandum of understanding with the International Organization for Standardization ("ISO") to highlight the use of ISO's international standards in promoting "open, fair and transparent trade."
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Spanish Court Confirms Corporate Criminal Liability
March 16, 2016
Maria Masso of the law firm Baker & McKenzie writes that the Spanish Supreme Court has ruled for the first time that corporations can incur criminal liability under Spanish law.
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Under Pressure, University Divests from Private Prisons
March 16, 2016
CNN reports that, following pressure from the Afrikan Black Coalition, which argued that investments by the University of California ("UC") in private prison companies supported "white supremacist dehumanization" of minorities, UC has removed its investments from these businesses.
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