ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

Media reports suggest companies could use ISDS against a future UK Labour government

August 19, 2019: The Financial Times is reporting that a future UK Labour government could face a flood of ISDS claims if it were to attempt to nationalise utility services. The report comes after the Labour Party announced its plan to nationalise the energy grid and other unities if it were elected in the next general election, and warned that compensation could be below market value.

South Korean Prime Minister considers abolishing ISDS

July 16, 2019: Media reports from South Korea have suggested that South Korean Prime Minister Mr. Lee Nak-Yeon is considering abolishing ISDS from Korean Trade agreements. The reports state that Prime Minister Lee Nak-Yeon made the remark in the National Assembly while responding to a lawmaker, Mr. Song, at the plenary session of the Budget and Accounting Committee.

New report on ten ISDS cases shows human impacts of corporations suing governments over health and environmental laws

June 25, 2019: A new report "Red carpet courts: 10 stories of how the rich and powerful hijacked justice" published by Friends of the Earth, the Transnational Institute (TNI) and Corporate Europe Observatory (CEO) presents ten ISDS cases that have been filed, threatened or decided since 2015. The report aims to show the human stories behind these ISDS cases.

Community groups urge ASEAN leaders to oppose ISDS in the RCEP and instead support people-centred development

June 24 2019: Leaders of the ten ASEAN countries met in Bangkok on June 22 and urged support for the Regional Comprehensive Economic Partnership (RCEP) trade and investment deal between ASEAN and India, China, Japan, South Korea, Australia and New Zealand. But community organisation advocates meeting before the ASEAN summit argued that the RCEP development model favours international investor interests over people and the environment.

UN study shows more governments rejecting or limiting foreign investor-rights to sue governments (ISDS)

June 12, 2019: A new study of trade and investment deals concluded in 2018 by the United Nations Conference on Trade and Development (UNCTAD) shows that most have either omitted ISDS altogether or severely limited its scope. This reflects growing concerns about ISDS cases based on older treaties that have no provisions to prevent or limit foreign investors from suing governments over health, environment and other public interest laws. The UN Commission on on International Trade Law (UNCITRAL)  is currently conducting a review of ISDS based on such concerns which has prompted sharp debate.

Nobel Laureate Stiglitz says ISDS is litigation terrorism which can discourage action on climate change

May 30, 2019: In a recent interview with Reuters Columbia University Professor Joseph Stiglitz has slammed trade deals that include Investor-State Dispute Settlement (ISDS). ISDS enables foreign investor rights to sue governments for millions in international tribunals over changes to environmental laws.

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