Investment law expert slams investor rights to sue government (ISDS)

7 November 2018: George Kahale III, an internationally recognised expert on ISDS, in the keynote speech to an investment arbitration conference in Prague, has described the system as a weapon of legal destruction’. He says that ISDS is increasingly used to claim not only millions but billions of dollars of compensation for legitimate government public interest regulation using dubious methods to calculate future claimed losses. He notes that the US and Canada have agreed to end ISDS in the United States-Canada-Mexico agreement which will replace NAFTA and urges other governments to withdraw from or cancel existing agreements containing ISDS. Read the full speech here.