Saturday 19 March 2016

"Investor State Dispute Settlement" or “Investment Court System” Whats in a name?

The zombie Investor State Dispute Settlement AKA Investment Courts System

A huge pile of our money thats what! Where is the EU and USA taking this unholy alliance? The end game would appear to be the EU PLC
 

An integral part of the EU - USA secretly negotiated Transatlantic Trade and Investment Partnership
The zombie ISDS – rebranded as ICS, rights for corporations to sue states refuse to die” shows how the push for foreign investor privileges in EU trade talks such as the proposed EU-US TTIP deal continues as the Commission attempts to rebrand the politically untenable investor-state dispute settlement (ISDS) as an “Investment Court System” (ICS). 


An unprecedented Europe-wide controversy over the democratic threat posed by ISDS led to last autumn’s rebranding of ISDS as ICS in an attempt to get around the enormous public opposition to legal privileges for multinational corporations.

 It allows companies to sue governments if policy changes –  even ones to protect public health or the environment – are deemed to affect their profits. These lawsuits bypass domestic courts and take place before an international tribunal of arbitrators, three  private lawyers who decide whether private profits or public interests are more important. Across the world, investor-state tribunals have granted big business billions of dollars from taxpayers’ pockets –  often in compensation for public interest measures.

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The zombie Investor State Dispute Settlement AKA Investment Courts System

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