Jus cogens is a Latin expression meaning “compelling law” – a fundamental and irrevocable rule of public international law that all states must observe, even against their own interests. Commonly referred to as “peremptory norms,” they are regarded as a higher level of law than the usual norms found in treaties and conventions.
These rules of international law protect fundamental human rights and reflect the most universally accepted principles of justice. They include the absolute prohibition of crimes such as genocide, slavery, piracy and the killing of hostages, as well as prohibitions on torture, cruel or inhuman punishments and other internationally recognized rights.
Being obligated to observe jus cogens even against their own interests is a duty that no country or court can ignore. This principle serves to protect individuals and entities from the whims of powerful governments.
How Does Jus Cogens Affect Business?
Jus cogens is important for businesses operating in a global environment as they can use it to protect their personnel, property, and investments in other countries. Companies must ensure that their respect for jus cogens is part of their code of conduct and operations. Breaches of jus cogens can have financial and reputational costs, not to mention the potential for criminal liability.
Businesses should also be aware that jus cogens rules may form part of the law governing international trade agreements and investments in other countries. In addition, jus cogens norms may be incorporated into national legislation and must be respected wherever a business operates.
Conclusion
Jus cogens is a potent legal concept that all businesses operating internationally must be aware of. It is a set of unwavering standards that all countries must abide by when it comes to ensuring fundamental human rights and protecting individuals and entities. By respecting jus cogens, businesses can protect their investments and protect their reputation.