The United Nations Human Rights Council has adopted a resolution calling on States to warn companies of the risks arising from doing business in the Israeli settlements in Palestine. The unlawfulness of these settlements has long been recognised, with the International Court of Justice stating in 2004 that Israeli settlements “have been established in breach of international law”. Greater attention is now being paid to the implications for business who may operate in or contribute to the establishment of settlements. Over the past year, various European banks and pension funds have divested from Israeli banks because of their involvement in the financing of settlement activity.
Posted on: Sat, 26 Apr 2014 11:39:06 +0000
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