Search Result(s)

'Ticking Time Bomb': Corporate Lawyers Openly Discussing Suing Nations Over Profits Lost to Covid-19 Measures

By Jake Johnson, Common Dreams. This is a major issue, Like Slovakia with its health insurance mess, in Achmea, once countries sign trade deals, they can't enact regulations that they need for common sense reasons, ISDS makes it impossible for countries to do things like close for epidemics, or limit business operations in needed ways, or (if they apply to foreign companies and their workers) It may even make it FTA illegal to raise minimum wages. Imagine if you could not fix deep seated problems like environmental risks, lack of affordable healthcare or rising education prices. That would be the US today. Thanks to ISDS and ISDS-like provisions in the WTO, now, for 20 years, corporations have always come first. This is why people can't be allowed to vote for improvements.

COVID-19 and Defenses in the Law of State Responsibility

As it stands today, International law obligations in the GATS block most of the things we urgently need to do to prevent an additional potentially large number of deaths from the COVID-19 - These two documents on international law discuss "Force Majure" - a legal strategy to get out of contractual obligations when a situation changes in fundamental ways.