Raft of lawsuits a clear warning against TPPA, says DAP MP
The hundreds of cases of legal action brought by private corporations against sovereign nations clearly show what is in store for Malaysia if it ratifies the Trans-Pacific Partnership Agreement (TPPA), according to Klang MP Charles Santiago today.
A research by Transnational Institute (TNI) has shown that arbitrators tend to defend private investor rights above public interest, and that the ISDS system is now ‘a multimillion-dollar, self-serving industry, dominated by a narrow exclusive elite of law firms and lawyers whose interconnectedness and multiple financial interests raise serious concerns about their commitment to deliver fair and independent judgments’,” he said in a statement today.
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