32 research outputs found

    Liability of Multinational Enterprises for Their Subsidiaries' Torts

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    PhDThe purpose of the thesis is to examine problems related to the liability of multinational enterprises (MNEs) for their subsidiaries' torts. The reason for the existence of the problems is that the legal theories and practice fail to understand interdisciplinary features of MNEs. Thus, there have been no satisfactory solutions to the problem of tort liability of MNEs. In order to understand the questions of liability, there should be an examination of the concept of multinational enterprise using interdisciplinary methodology. Thus, the thesis, in the first section, examines the social, economic, managerial and legal characteristics of MNEs and compares the findings of this examination to the current understanding of MNEs in the way that tort liability is applied to them. As a result, there is a conflict between legal understanding of the structure of MNEs and contemporary realities; while legal practice considers MNEs as simple vertically structured organisations; an interdisciplinary examination reveals more complex horizontal structures with different characteristics. This conflict creates problems of liability and also prevents satisfactory solutions to problems of tort liability in the context of MNEs. In the second section, the thesis examines the existing laws related to liability of MNEs from different jurisdictions. The aim of this examination is to assess whether these laws are adequate for the challenges modern MNEs create. The thesis seeks in each sub-section to understand how groups of companies are conceived by these laws and how liability rules would be different if modern understandings of MNEs are applied in these cases. In the final section, the thesis aims to identify the basic problems of achieving satisfactory tort liability for MNEs and it offers solutions to the problems of liability for MNEs subsidiaries' tort based on the findings in the first and the second parts of the thesis

    Istanbul stock exchange moves first on mandatory electronic voting

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    Turkey’s New Company Law paved the way for its national stock exchange to be the first in the world to require the issuers change their company statutes in order to allow electronic participation and voting at their general assemblies. A recent regulation mandated all listed companies to use a single electronic portal to allow shareholders to participate and vote electronically in general assemblies with immediate effect. The move is one in a series of reforms in support of Istanbul International Financial Center Project. The Financial Times refers to the new regulation as a coup for international institutional investors with Turkish holdings as it increases the transparency of ISE listed companies and empowers them to embrace an activist approach. This commentary discusses the possible consequences of the new regulation

    The European corporate social responsibility strategy: a pole of excellence?

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    Introduction The European Union (EU) is strengthening its corporate social responsibility (CSR) strategy in the framework of Europe’s contribution to the social dimension of globalization. This chapter analyses the origins and development of the EU’s approach within the context of the international discourse on corporate responsibility in relation to human rights and the environment. It focuses on the international dimension of the Union’s CSR strategy, considering some of the measures undertaken in recent years and options for the development of tools to make European companies accountable for their activities abroad. It considers, in particular, the impact that such development and the choices made by the EU when designing its strategy may have on its achievement of the wider goal of becoming a pole of excellence for CSR
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