For fairer and more democratic societies, people need to claim control over the EU’s trade and investment policy processes. We need to change EU’s trade and investment policies and the way in which decisions are made.
South Africa is moving away from international investment treaties towards a new framework for investment protection based on domestic law. Contrary to some opinions, there are cogent arguments in favour of this approach.
Op 18 oktober hebben de Europese Unie en Canada tot verrassing van velen een vrijhandelsakkoord ondertekend. Een soortgelijk akkoord tussen de EU en de VS is in de maak. Volgens het onlangs verschenen rapport 'Profiting from injustice', is er de laatste twee decennia sprake van "de stille opkomst van een machtig investeringsregime dat honderden landen heeft verstrikt in een systeem dat bedrijfswinsten boven mensenrechten en het milieu stelt."
Controversial rights for multinational corporations to sue states, likely to be included in the Transatlantic Trade and Investment Partnership (TTIP), are causing a political headache for EU and US negotiators, but may also set a precedent for future trade agreements, notably with China.
Susan George chairs the Transnational Institute in Amsterdam. She says the Trans Pacific Partnership Agreement could give powerful companies the right to challenge domestic laws which restrict their future profits.
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.
The Trans-Atlantic Free Trade Agreement (TAFTA) is in trouble. Report after report has indicated that the massive U.S.-EU deal is on shaky ground now that the NSA spying scandal has fueled European privacy concerns and botched the hopes of U.S. telecommunications firms to use the deal to downsize data privacy protections.
When Swiss law professor Gabrielle Kaufmann-Kohler joined the board of UBS AG, she was sitting on international tribunals judging whether Vivendi Universal SA and another company whose shares UBS held were entitled to damages from Argentina in investment disputes.
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US will open the floodgate to multi-million Euro lawsuits from corporations challenging democratic policies to protect the environment and public health, argues a new briefing by Corporate Europe Observatory and the Transnational Institute.
This briefing analyses leaked proposals for so-called investor-state dispute settlement under the proposed EU-US deal and reveals a determined lobby campaign from industry lobby groups and law firms to grant unprecedented rights to corporations to sue governments for legislation and regulations that interfere with their profits.
In the 2012 report Profiting from Injustice, jointly published by Corporate Europe Observatory and the Transnational Institute, we boldly asserted that law firms, arbitrators and third-party funders have, over the past two decades, helped maintain an investor-biased arbitration system and have fuelled the rise in investor-state disputes.