The OECD Guidelines For Multinational Companies And The Specific Instance

For over 20 years the Argentine Republic has adhered to the "OECD Guidelines for Multinational Companies" ("Guidelines"), through the "Declaration on International Investments and Multinational Companies" of the Organization for Economic Cooperation and Development ("OECD").

The OECD adopted two tools for the realization of its aims: the Guidelines and the Specific Instance Procedure for dispute resolution ("Specific Instance").

The Guidelines:

The guidelines are indications of "Soft law". They have no legal force. These are recommendations that the OECD advises a company to incorporate into its internal "regulations". Multinational companies are urged to contribute to economic, social and environmental progress, to cooperate with public authorities and to respect Human Rights.