...there are frequent allegations against transnational corporations (TNCs) of violation of human rights, environmental degradation and so on...for example, that against Exxon Mobil Corp. in Indonesia, Fresh Del Monte Produce Inc. in Guatemala, ChevronTexaco Corp. in Nigeria and in Ecuador, Unocal in Myanmar, and Occidental Petroleum Corp., Coca-Cola Co. and coal miner Drummond Co. in Colombia...But the victims and their supporters apparently stumble in the forecourt of the law that is very shaky in this respect. This phenomenon poses a big challenge for international law, in general, and international human rights law, in particular...The issue thus arises whether corporations have any international obligations to protect human rights...What are needed...but the understanding of business entities, their willingness to be transparent in their actions and their genuine good will...there is an urgent need to formulate a set of legally binding rules...