ISDS allows foreign investors to sue our Government

Investor-State Dispute Settlement

Clive Palmer’s claims to be a Singaporean company and sue the Commonwealth expose the absurdity of ISDS

December 18, 2020: The Guardian reports that Clive Palmer’s Singapore-based company, established only in 2019, has acted on his threat to sue the Commonwealth Government for billions of dollars using the Investor-State Dispute Settlement (SDS) clauses in the Singapore-Australia free trade agreement.

Australian mining companies suing developing countries for billions is shameful, say community groups

MEDIA RELEASE                                                                                                                October 27, 2020

“There is a pattern emerging of Australian mining companies suing developing countries for billions of dollars in unfair international tribunals,” AFTINET Convener Dr Patricia Ranald said today in an article published on the Michael West website.

Australian, New Zealand and British Unions warn against bad proposals in UK trade deal

September 23, 2020: As former Australian Prime Minister Tony Abbott now advises the British government in its trade negotiations with the European Union, Australia and New Zealand, the trade unions from the three countries have issued a united call for decent work and high standards of health,  environment and public services.

Mining companies dominate ISDS treaty-shopping claims from Australian companies

September 3, 2020: The second-largest damages claim awarded to a foreign investor against a government was US$5.8 billion, in July 2019, to the Australian subsidiary of Tethyan Copper Company against the government of Pakistan. Canadian academic Kyla Tienhaara argued in an article in the Conversation that this Investor-State Dispute Settlement (ISDS) ruling demonstrated that the global economic governance model is broken.

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