Citizens and policy makers around the world are increasingly questioning the trade agreement system, especially the investor-state dispute settlement mechanism (ISDS) that enables foreign investors to bypass the legal system of host states and sue governments before private tribunals for any policy, democratically passed law, or judgment of a court that adversely affects them.
Swedish energy company Vattenfall filed request for arbitration at the International Centre for the Settlement of Investment Disputes (ICSID), after Germany’s decision to phase out nuclear energy.