FEATURES OF THE LEGAL STATUS OF TRANSNATIONAL CORPORATIONS

Transnational corporations are currently the leading economic entities, in view of this, the article explored the main approaches to the definition of TNCs and the selection of those features that reveal their legal nature. Particular attention is paid to the peculiarities of management of transnational corporations in the context of globalization of economic activity. It is concluded that in the field of international economic relations TNCs are a generally recognized subject of economic activity. The legal status of TNCs is controversial. At present, TNCs are not an independent legal model, as they do not have a stable and limited set of legal features that are applied on the basis of appropriate legal regulation at the international or national level. The author draws attention to the fact that the main purpose of TNCs is to make a profit. Therefore, any associations that pursue other goals as the main one (public, purely organizational) should be excluded from the scope of study of TNCs. A feature of TNCs in this context is the desire to make a profit internationally. At the same time, it is noted that the national law establishes the rules of law for the regulation of associations (groups) of legal entities, determining for them a specific organizational form. There is no appeal directly to TNCs, due to the inexpediency of regulating their activities only within the framework of national law. It is indicated that the concept of TNCs may be suitable for several types of associations that have the characteristics that are reflected in the documents of international organizations devoted to the study and regulation of TNCs. Therefore, the author noted that the characterization of TNCs should be based on those features that are enshrined in international documents developed within international organizations and aimed at research and regulation of TNCs. Currently, the most detailed concept of TNCs is developed in global investment reports.