The passage discusses the author's panoramic view of legal and philosophical issues in international relations, focusing on the concept of legitimacy. It highlights the importance of legitimacy in the international system, particularly in the context of the UN Code of Conduct for Transnational Corporations and the role of national courts in balancing international interests. The author, Niels Lau, also reviews Thomas M. Franck's book "The Power of Legitimacy Among Nations," which explores the role of legitimacy in international relations, emphasizing its formal and procedural aspects. Franck argues that while legitimacy is crucial, justice, which is more closely tied to moral principles, plays a lesser role due to the diverse moral perspectives among nations. The passage concludes by noting the need for a balanced approach to both legitimacy and justice in the international system.The passage discusses the author's panoramic view of legal and philosophical issues in international relations, focusing on the concept of legitimacy. It highlights the importance of legitimacy in the international system, particularly in the context of the UN Code of Conduct for Transnational Corporations and the role of national courts in balancing international interests. The author, Niels Lau, also reviews Thomas M. Franck's book "The Power of Legitimacy Among Nations," which explores the role of legitimacy in international relations, emphasizing its formal and procedural aspects. Franck argues that while legitimacy is crucial, justice, which is more closely tied to moral principles, plays a lesser role due to the diverse moral perspectives among nations. The passage concludes by noting the need for a balanced approach to both legitimacy and justice in the international system.