ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

The legal clause which could allow Adani to sue Australia

17 December 2018: AFTINET convener Dr Patricia Ranald writes in the Guardian on the risk that Adani could sue our government for millions through Investor-State Dispute Settlement (ISDS), should their mining licence be cancelled by a future government. 

Yet another example of why Labor should implement its policy against ISDS in all trade agreements, and remove it from current deals like the TPP.

Coal mining company uses ISDS to sue Canada for phasing out coal fired power stations

22 November 2018: Investment Arbitration Reporter has reported this week that US company Westmoreland Coal has filed a claim against the Canadian Government under the North American Free Trade Agreement (NAFTA), because they anticipate profit loss when the province of Alberta phases out coal generated electricity.

Peru FTA is first test of Labor’s new trade policy and should not be ratified says AFTINET

Media Release 8 November 2018: “AFTINET welcomes the Labor Opposition initiative to revisit the Peru-Australia Free Trade Agreement (PAFTA) because it includes foreign investor rights to sue governments (ISDS) which the Shadow Trade Minister has pledged to oppose in all trade agreements,” AFTINET Convener Dr Patricia Ranald said today.

AFTINET joins 300 civil society organisations to urge real change at United Nations discussions on global corporate rights

Media release 31 October 2018: “The Australian Fair Trade and Investment Network (AFTINET) has joined more than 300 civil society groups to urge governments at United Nations meetings in Vienna this week to completely overhaul the controversial Investor-State Dispute Settlement (ISDS) system contained in trade agreements like the TPP-11, which the Australian government has just ratified. 

New US trade deal eliminates ISDS for Canada: partial victory for community campaigning but bad news on medicines

4 October 2018: Investor-State Dispute Settlement (ISDS) provisions in trade deals enable foreign investors to bypass national courts and sue governments in international tribunals if they can argue that a change in law or policy has harmed their investment.

The revamped NAFTA agreement between the US, Mexico and Canada, now called the United States-Mexico-Canada Agreement, will phase out ISDS between the US and Canada altogether after three years. The deal also limits the scope for ISDS cases between the US and Mexico to cases of direct government takeover of assets.

Pages