External Publications

When Foreign Ventures Violate Human Rights, Parent Companies are Responsible

The oil and gas and mining industries have some of the highest environmental, social, and governance (ESG) risk profiles in the world. These risks expose corporations to potential liability in the locations they operate around the world.

However, an increasing number of legal decisions open the door to litigation closer to home and, specifically, potential parent company liability for overseas human rights violations by a foreign subsidiary or joint venture. These legal decisions change the calculus as companies balance reputational risks, commercial realities, evolving legislation, and investor expectations regarding ESG performance.

Read the full article originally published in the CEP Magazine.

About the Authors

Neetin Gulati

Neetin Gulati is a Senior Director at Ankura based in New York who specializes in advising clients on structuring and negotiating complex transactions, and, in particular, joint venture-related transactions. He has worked across a wide range of transaction types, including M&A, divestitures and spin-offs, minority equity investments, joint ventures, alliances and partnerships.

James Bamford

James Bamford is a Senior Managing Director at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.

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