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.
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.
The EU's launch of negotiations for Deep and Comprehensive Free Trade Agreements (DCFTAs) with four Arab countries in transition – Egypt, Jordan, Morocco and Tunisia - looks set to entrench an economic model that was one of the root causes of the Arab Spring.
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.
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.
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."
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.
Cecilia Olivet, Pietje Vervest, Giorgina Garibotto et al.
01 February 2013
This beginners' guide provides a critical perspective on EU’s trade and investment policies and the business interests they serve. TNI worked on the guide with a Europe-wide network of trade activists, belonging to the Seattle to Brussels network.
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.
During the CELAC-EU President Summit in Chile, some Latin American governments rejected the inclusion in the final declaration of the proposed EU wording in support of providing foreign investors legal certainty. To understand why, we need to look at the industry behind investment arbitration.
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.
Corporations in Western Europe are suing Central and Eastern European countries at international arbitration tribunals through a vast web of intra-EU Bilateral Investment Treaties (BITs). Yet while the European Commission has questioned the validity of these BITs, Netherlands, Germany, and the UK, oppose their termination.