Affiliation: Ph.D. in Law, Professor, Dean of the Faculty of Law at Caucasus International University

Abstract: Financially powerful Transnational Corporations, having an economic and political impact on host states, play an important role in a modern era of globalization. Transnational Corporation are capable of having a positive impact on host states’ economy, to adopt new technologies and create jobs. Although for many Transnational Corporations respect for labor, environmental and other social issues is part of their corporate standards, there are certain cases, especially in developing countries, when direct or indirect activities of Transnational Corporations leads to human rights violations.