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Globalisation at a dead end - visions for a new start (Germany)

 

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Stop ISDS campaign 2019

This year provides a rare opportunity to end some of the most outrageous rights enjoyed by big business: the investor-state dispute settlement system or ISDS. Under ISDS corporations and the rich have sued governments for billions of euros – for anything from introducing health warnings on cigarettes to banning dirty oil drilling. Campaigners and social movements are uniting in 2019 to put an end to this parallel justice system for big business.

Whenever a government passes a law which could potentially affect profits, the ISDS system enables companies to hit back with lawsuits for damages - often worth billions of euros. Under the ISDS (Investor-State Dispute Settlement) system, corporations have already sued countries for anything from introducing health warnings on cigarettes to placing a moratorium on fracking.

The EU institutions are currently negotiating new single market rules that could have a severe and distinctly negative impact on decision-making in parliaments, regional assemblies and city councils across Europe. Read Corporate Europe Observatory's Questions & Answers on the proposal to give the Commission new powers to annul local decisions.

A coalition of more than 160 civil society groups, unions, mayors and progressive parties running major European cities has come out to oppose a controversial proposed EU directive that has been pushed by business lobbies and would create major new obstacles for progressive municipal policies and initiatives.

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