Private Law and Public Interests: Global Value Chain Contracts and Social Clauses
Social and environmental obligations proliferate within the transnational commercial contracts that regulate global value chains (GVCs). Lucinda Miller, UCL, takes a look a the fascinating legal issues which are raised by the presence of such ‘regulatory’ obligations within the private law relationship. Attendance is free, registration is requested.
This event is part of the lecture series 'Law and Justice Across Borders'.
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According to estimates, global value chains (GVCs) are a trillion-dollar industry, accounting for around 80% of all global trade. These complex and often multi-tiered value chains are, for the most part, coordinated through the private law vehicle of contract. Of particular interest in this paper is the proliferation of social and environmental obligations within these transnational commercial contracts. The presence of such ‘regulatory’ obligations within the private law relationship raises a number of fascinating issues for the legal scholar. From a ‘public law’ perspective, this paper explores the costs and risks associated with the shift of the public interest into the private sphere – the ‘privatisation of the public’. From a private law perspective, the paper explores the extent to which these regulatory clauses challenge our current conceptions of contract law.
Lucinda Miller is senior lecturer at University College London. She researches in the area of comparative contract law, European private law and EU consumer law.
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