ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

630 civil society groups warn of corporate threats to sue governments over actions taken to save lives during the COVID-19 pandemic

June 25, 2020, Media Release: “An open letter endorsed by 630 international and national civil society organisations has been sent to Trade Minister Birmingham, warning him that Australia could face a wave of cases from global corporations claiming millions in compensation for actions taken to respond to the pandemic. Corporations can do this using rules in trade deals known as investor-state dispute settlement, or ISDS,” AFTINET Convener Dr Patricia Ranald said today.

Corporations prepare to sue governments over actions to save lives as pandemic reveals other trade policy flaws and need for alternatives

April 23.2020 Dr Patricia Ranald’s article in The Conversation shows how legal firm are already advising global companies on how to use clauses in trade agreements which allow them to claim millions in compensation for government regulation during the pandemic which may harm their profits.

More generally, she argues that the realities of the pandemic have forced governments to act in ways which show the flaws in the current trade deals that are negotiated in secret. 

Pages