The legal status of transnational corporations as subjects of private international law

The subject of the research conducted by the authors of this article is the relationship between transnational corporations and government agencies in the context of economic development. Transnational corporations are the result of a rapidly growing global economy in the world, as their activities are the basis of global economic development and technological progress in any State with a developed economy. The analysis evaluates the impact of the activities of transnational corporations on national economies, and examines various approaches to regulating and controlling their activities. The article pays special attention to the impact of the activities of transnational corporations on the legislation of countries and the rights of their citizens. In addition, the study also offers an assessment of the effectiveness of existing regulatory mechanisms and provides recommendations for improving the interaction of TNCs and government agencies in the interests of sustainable economic development and social well-being. It should be noted that in a globalizing world, international corporations are a powerful engine of influence on the global economy and politics. In connection with the implementation of economic activities by corporations, the most important institution of private international law between governments in the field of economics is being implemented. For more effective implementation of corporate activities, optimal legal regulation of such relations is necessary, taking into account the legitimate rights and interests of all participants in economic relations. As a result of the study, the authors come to the conclusion about the predominance of different levels of regulation of TNC activities, the influence of laws of different countries on TNCs, as well as the interaction of legal systems of different states with each other on the legal regulation of TNC activities and the analysis of researchers' opinions on this issue.

transnational corporation, international legal personality, subjects of international legal relations, the subject of economic activity, economic activity, legal regulation, international legislation, national legislation, head organization of multinational corporations, branches of multinational corporations