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Evolution of Business & Human Rights Obligations – From Soft Law to Voluntary Initiatives to Emerging International Standards & National Regulations

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PATRICK MILLER & KABIR DUGGAL* Introduction Milton Friedman famously stated that a business has no purpose except to increase shareholder value. This approach is increasingly dying.[1] Most international commercial lawyers have a general sense of human rights law—though it is often dismissed as a collection of non-binding, aspirational pronouncements having little practical effect on the way […]

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