I’m Ante Wessels. I’m involved with Vrijschrift and the Foundation for a Free Information Infrastructure. I will give a short talk about investor-to-state dispute settlement, or ISDS. Why is ISDS important?
Investor-to-state dispute settlement gives multinationals the right to sue states before special tribunals if changes in law may lead to lower profits than expected. Multinationals can challenge reform of copyright and patent law, challenge environmental and health policies.
How does the ISDS system work?
International trade and investment agreements give foreign investors greater rights than local companies, even expected future profits are protected.
On top of that, foreign investors do not have to use the local court system. Arbitration tribunals consisting of three investment lawyers decide the cases. These tribunals can overturn decisions of our supreme courts.
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