Under the ISDS (investor-state dispute settlement) parallel justice system for corporations and the rich, companies can sue countries when they think that government decisions or court rulings – even ones whose explicit aim is to protect people or the environment – affect their profits. These lawsuits bypass domestic courts and take place before an international tribunal of arbitrators: essentially three investment lawyers who decide whether private profits or public interests are more important. A report from Corporate Europe Observatory (CEO), Friends of the Earth and the Transnational institute describes 10 noteworthy ISDS lawsuits that have been used as a corporate weapon against communities and resistance victories. Read the report here.
How the rich and powerful hijack resistance victories
WRM Bulletin 244 15 July 2019