The Injustice Industry: Egypt challenged over rise to minimum wage

Le Monde Diplomatique reports that the Veolia group, a French multinational, is suing the Egyptian government because of a rise in the monthly minimum wage. The company is using the ISDS provisions in an investment treaty between France and Egypt.

The case is still in progress, but is yet another example of the dangers of including investor-state dispute settlement (ISDS) in trade agreements such as the Trans-Pacific Partnership (TPP).

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25/06/2014