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26 Maastricht J. Eur. & Comp. L. 602 (2019)
Transnational Sustainability Laws and the Regulation of Global Value Chains: Comparison and a Framework for Analysis

handle is hein.journals/maastje26 and id is 600 raw text is: Article M J Maastricht journal of European and Comparative Law Transnational sustainability 2019, Vol. 26(5) 602-627 © The Author(s) 2019 Article reuse guidelines: sagepub.com/journals-permissions DOI: 10.1 177/1023263XI9871025 com parison and a fram eworkaastrichtournal.sagepub.co SAGE for analysis jaakko Salminen* and Mikko Rajavuori** Abstract Several corporate disclosure and due diligence laws related to the social and environmental impacts of globalized production have been enacted across the world over the last decade. While the emer- gence, operation and impact of such 'transnational sustainability laws' have already been extensively analysed, their legal operability remains poorly understood. This a significant omission because transnational sustainability laws form a novel and increasingly important attemptto conceptualize and govern the new logic of global production networks-global value chains-and their regulatory infrastructure. Against this backdrop, this article deploys a comparison of eleven recent transnational sustainability laws and develops an analytical frameworkto probe legally-operative conceptualizations of global value chains. By analysing how transnational sustainability laws conceptualize the value chain, the lead firm and adequate value chain governance, we argue, these instruments emerge as proxies for a legally-operative framework that better delineates the emerging law of global value chains. Thus, our analysis contributes to growing literature on the potential and limits oftransnational sustainability laws as well as to the development of nascent 'global value chain law'. Keywords Transnational sustainability laws, global value chains, lead firms, value chain governance, contractual organization, supply chain liability, corporate social responsibility, sustainability regulation, comparative law, private law * Faculty of Law, University of Turku, Turku, Finland ** Law School, University of Eastern Finland, Joensuu, Finland Corresponding authors: Jaakko Salminen, Faculty of Law, University of Turku. E-mail: jaakko.salminen@utu.fi Mikko Rajavuori, Law School, University of Eastern Finland. E-mail: mikko.rajavuori@uef.fi

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