The complex law suits that cost poor countries dearly
When nations fall out with corporations, the dispute is increasingly likely to end up before an investment arbitration tribunal – but all too often, it is lawyers who end up reaping the benefits, a new report claims.
Profiting from Injustice, by the Transnational Institute and Corporate Europe Observatory, argues that a boom in investment arbitration cases is partly driven by lawyers. The prospect of huge fees from these complex cases incentivises firms – including top-tier British solicitors – to pit multinational corporations against developing countries, argues the report.
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