Brexit could become a cash cow for law firms that make millions when corporations sue nation states via trade and investment agreements. They're paving the way for Brexit-related corporate claims against the UK & touting the UK as a gateway for future investor claims against EU member states.
The European Commission is set to entrench the dangerous investor-state dispute settlement (ISDS) system, which foreign investors can use to subvert democratic decision-making. CEO opposes this attempt to establish a global super court for corporations.
Canadian mining company Gabriel Resources is using an investor-state lawsuit to push through its illegal toxic goldmine in the historical Romanian village of Roşia Montană. The claim foreshadows the multi-billion $ claims which could hit EU member states if the EU-Canada trade deal CETA comes into force.
Business lobby groups are pushing hard for investor-state dispute settlement in TTIP and similar trade deals. If successful, this would expand the ability of corporations to sue governments in response to policies that allegedly limit their profits. Especially laws to protect human health and the environment would be on the line.
Ahead of the 12th round of TTIP negotiations, 280 civil society groups from across Europe have called on the EU and the US to eliminate excessive investor rights from the TTIP, CETA and all other trade deals.
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