THE STATE SOVEREIGNTY IN THE INTERACTION OF STATE AND MULTINATIONAL CORPORATIONS AND INTERNATIONAL NON-GOVERNMENTAL ORGANIZATIONS

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Published: Dec 3, 2021

  Mekhti Sharifov

Abstract

Modern international law is known as a multinational structure, the creation and operation of which is not associated with the sovereign will of states. Among such structures, on the one hand, transnational corporations (Transnational firm) should be classified, on the other hand, international non-governmental organizations (international association of non-governmental organizations). Multinationals and international public organizations are united by one common feature: the process of decision making and implementation of such structures is not covered by the jurisdiction of one country. Multinationals and international public organizations as separate entities have their own will, not subject to the sovereign will of states. Provision of the state sovereignty and national security of the Russian Federation requires legislative establishment of special requirements for commercial entities forming part of transnational firm, which parent company does not have a Russian «personal» law. The activities of national elements in transnational firm are subordinated to a single transnational will. For this reason, special accounting rules that reveal organizational and financial relationship with the parent company should be assigned to such legal entities.

How to Cite

Sharifov, M. (2021). THE STATE SOVEREIGNTY IN THE INTERACTION OF STATE AND MULTINATIONAL CORPORATIONS AND INTERNATIONAL NON-GOVERNMENTAL ORGANIZATIONS. Baltic Journal of Legal and Social Sciences, (2), 53-58. Retrieved from http://www.baltijapublishing.lv/index.php/bjlss/article/view/1432
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Keywords

state sovereignty, transnational firm, international public organizations, personal law, a foreign agent

References
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