TMI BlogInvitation for comments on LEGALLY BINDING INSTRUMENT (LBI) ON TRANSNATIONAL CORPORATIONS (TNCS) AND OTHER BUSINESS ENTERPRISESX X X X Extracts X X X X X X X X Extracts X X X X ..... Invitation for comments on LEGALLY BINDING INSTRUMENT (LBI) ON TRANSNATIONAL CORPORATIONS (TNCS) AND OTHER BUSINESS ENTERPRISES - News and Press Release Dated:- 29-8-2018 - News - LEGALLY BINDING INSTRUMENT (LBI) ON TRANSNATIONAL CORPORATIONS (TNCS) AND OTHER BUSINESS ENTERPRISES Human Rights Council in its twenty-sixth session held on 14.07.2014 adopted Resolution 26/9 for Elaboration of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n international legally binding instrument (LBI) on transnational corporations (TNCs) and other business enterprises (OBEs) with respect to human rights. India voted in favour of the said resolution. The following was decided as part of the Resolution: I. An Open-Ended Intergovernmental Working Group (OEIGWG) On Transnational Corporations And Other Business Enterprises with respect to huma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n rights to be established to elaborate an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises II. That the first two sessions of the open-ended intergovernmental working group to be dedicated to conducting constructive deliberations on the content, scope, nature and form of the futu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re international instrument III. The Chairperson-Rapporteur of the open-ended intergovernmental working group to prepare elements for the draft legally binding instrument for substantive negotiations at the commencement of the third session of the working group on the subject, taking into consideration the discussions held at its first two sessions; Accordingly the OEIGWG was established and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the three sessions were held with the mandates as given under: SESSION DURATION CHAIR-RAPPORTEUR MANDATE First 6th to 10 th July 2015. Palais des Nations, Geneva Maria Fernanda Espinosa Garces, Permanent Representative of Ecuador To receive inputs f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom States and relevant stakeholders on possible principles, scope and elements and nature and form of internationally legally bindng instrument. Second 24-28 October 2016 Palais des Nations, Geneva Maria Fernanda Espinosa Garces, Permanent Representative of Ecuador Continuation of deliberations taking into account discussions hel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d during first session and informal consultations held during the intersessional period to allow Chairperson-Rapporteur to prepare elements for the draft instrument for substantive negotiations in the Third Session. Third 23-27 October Palais des Nations, Geneva Guillaume Long, Permanent Representative of Ecuador Discussion on the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elements for a draft legally binding instrument prepared by Chairperson-Rapporteur taking into consideration discussions held during first two sessions. Fourth (To be held) 15 to 19 October 2018 Palais des Nations, Geneva - To follow up on the implementation of mandate of resolution 26/9, taking into consideration the discuss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions held at the previous sessions of the OEIGWG. During the third session the elements of a for a draft legally binding instrument prepared by Chairperson-Rapporteur based on deliberations during the first two sessions, as well as over 200 meetings held since 2014 involving multiple stakeholders was discussed. At the core of the elements was protection of victims of business-re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lated human rights abuse, elimination of impunity and access to justice. At the final meeting of its third session, OEIGWG requested the Chair-Rapporteur to undertake informal consultations as a complement to the ongoing bilateral consultations and other related activities with States and other relevant stakeholders on the way forward on elaboration of a legally binding instrument. Accordingl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 4 open consultations were scheduled of which the fourth remains to be held on 11 July 2018 before the fourth session of the OEIGWG from 15 to 19 October, 2018. A Zero Draft has since been prepared by Ecuador and presented on 19.07.2018 to serve as the basis for negotiations during the 4th session of OEIGWG. The Zero Draft is available on the website of Office of the UN High Commissioner fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Human Rights (OHCHR) at https://www.ohchr.org/EN/HRBodies/HRC/WGTransCorp/Pages/IGWGOnTNC.aspx. The responses to the LBI be mailed to garima.dadhich@gov.in by September 20, 2018. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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