British-based companies main bringers of business-supremacy treaties cases
lundi 17 octobre 2022 à 09:36* Transform Trade charity says British-based companies are among main bringers of cases based on [business-supremacy treaties].
These cases aim to use ISDS clauses (I Sue Democratic States clauses) to sue states that respond to their citizens' demands by adopting laws that protect the public but reduce the profits of foreign companies. Usually they force the retraction of those laws — or ensure the laws are never passed.
ISDS also stands for I Spread Death and Suffering. We must put an end to the regime of these treaties. It's not easy to effectively abolish the treaties, or for a country to pull out of them, since normally a country remains subject to the treaty for a long time after that.
What is needed is to make powerful countries pass laws that they will not enforce these treaties, perhaps limited to certain cases where those laws are crucial.