The role of state and state-based actors mixed with that of private actors after the establishment of multinational corporations as fundamental global and globalizing actors in the period between the end of World War II and the 1990ies. This can be especially observed in the transnational legal regulation of cross-bordering such as environmental issues, Internet related questions, human rights, and business transactions. After briefly establishing those legal duties per default assigned within transnational law to a corporation, the objective of this paper is to evaluate which direction legal actors should take on the issueof coporate legal landscape more consonant with its surrounding environments.

This work aims at answering two basic questions for transnational corporate lawyers: Based on the legal definition of what a corporation is in a transnational context, do actors other than shareholders have per default certain legal rights towards the corporation? And if not, is it possible to legislate siuh, and more importantly, is legislation the correct approach?