To what Extent should a Parent Company be Held Liable for the Acts of Subsidiary?
Volume IV, Issue I, 2021
This paper is written to exclaim the extent to which the parents company can be held liable. This is done by analysing the extent by the use of Ruggie’s Pillars from the UN. The paper uses the pillars under the ambit of the principles of Duty of Care, Accountability and Legal Remedies to understand how the parent companies can be held liable with regard to these principles and how the principles must be used in a broad spectrum to hold parent companies liable as well as how the other pillars could be used in ways to hold parent companies liable as well as protect people from the violation of human rights. Simultaneously, the gaps of law to hold parent companies liable in India are analysed. The outcome of the paper is that there is scope for development and need to hold parent companies liable in India and Internationally.