Breakthrough in business and human rights binding treaty negotiation but be prepared for a bumpy road ahead
The Open-Ended Intergovernmental Working Group on Transnational Corporations and Other Business Enterprises With Respect to Human Rights recently held its seventh session to elaborate an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises with respect to human rights. While progress has been made, significant challenges still cast dark clouds over the future of this important process.