Abstract
While mercenarism as a social phenomenon has evolved through the centuries, in the 20th–21st centuries it has acquired new dimensions as a result of emergence of private military and security companies (PMCs/PMSCs). The PMSCs’ participation in conflicts that expanded from the wars of the era of decolonization in Africa through conflicts in Afghanistan, Iraq, Libya to special military operation in Ukraine has been quite wide and created new legal precedents. The classic 1989 International Convention Against the Recruitment, Use, Financing and Training of Mercenaries does not cope with the task of international legal regulation of the activities of expanded PMCs, since it was created to suppress individual mercenarism, not corporate provision of private military and security services. In recent decades, competition has developed between the mechanism of self-regulation of PMSCs (the Montreux Initiative and the Code of Conduct of Companies), on the one hand, and the draft legally binding UN Convention on regulating PMSCs, on the other hand. In this article, guiding principles of regulation of PMSCs the form the basis for the draft UN Convention are analyzed and discussed.
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