uncleflo
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Guardian Comment is free: The TTIP trade deal will throw equality before the law on the corporate bonfire | George Monbiot
Saved by uncleflo on April 2nd, 2015.
If a government proposes to abandon one of the fundamental principles of justice, there had better be a powerful reason. Equality before the law is not ditched lightly. Surely? Well, read this and judge for yourself. The UK government, like that of the US and 13 other EU members, wants to set up a separate judicial system, exclusively for the use of corporations. While the rest of us must take our chances in the courts, corporations across the EU and US will be allowed to sue governments before a tribunal of corporate lawyers. They will be able to challenge the laws they don’t like, and seek massive compensation if these are deemed to affect their “future anticipated profits”.
ttip trade agreement investor investment challenge law compensation future profit lawyer corporate equality exclusive sue court justice judicial isds reason politics stop protest
TTIP and ISDS: The Obscure Trade Clause Threatening to Tear European Politics Apart
Saved by uncleflo on March 25th, 2015.
On 29 September 2014, Cecelia Malmström took the stand in the European Parliament to answer questions – a formality en route to the role of European Trade Commissioner. Unbeknownst to her, Martin Selmayr, the chief of staff for incoming European Commissioner President-elect Jean-Claude Juncker, was alleged to have changed her written testimony, in a section in which she wrote about the Transatlantic Trade and Investment Partnership (TTIP). Selmayr inserted the following line: "…this clearly means that no investor-State dispute settlement mechanism will be part of that agreement."
ttip isds trade clause politics eu europe question president agreement investor investment protection money threat deal parliament
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Saved by uncleflo on March 25th, 2015.
Introduced in the TTIP, ISDS allows corporations to sue governments, such as that of the UK or of the EU, for any government action (at any level , including local government level) that limits a corporation’s future profits. the corporations can sue for the loss, or ‘expropriation’ of its future profits. The case will be heard by an arbitration panel of trade lawyers, in a jurisdiction of the corporation’s choosing. The dispute panel will only take account of ‘free trade’ values, disregarding values of public health, human rights, environmental protection, or labour or other social rights .
ttip isds corporation government uk eu profit jurisdiction lawyer panel dispute loss political introduce action investment
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