Flagship reports

Profiting from injustice

27.11.2012

A small club of international law firms, arbitrators and financial speculators are fuelling lawsuits by foreign investors against states that cost taxpayers billions of dollars and prevent legislation in the public interest. Emblematic cases include tobacco giant Philip Morris suing Uruguay and Australia over health warnings on cigarette packets, and Swedish energy multinational Vattenfall seeking $3.7bn from Germany following that country’s decision to phase-out nuclear energy.

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