How companies have abused investor-state dispute settlement clauses in the past
As you should be aware now, the threat of the Transatlantic Trade and Investment Partnership still lingers over Europe and thus over the UK (the equally dangerous Trans-Pacific Partnership looms over the USA and several other nations also, despite opposition from many US politicians particularly with regard to the 'Fast Track' clause), especially with its proposed investor-state dispute settlement clause which allows corporations (especially multinational corporations) to sue governments for lost profits or lost future profits, in international tribunals which are clearly stacked in favour of corporations. Here are some key examples of just how dangerous investor-state dispute settlement mechanisms are to nations: Vattenfall, a Swedish nuclear energy company, is suing Germany for lost future profits over its correct and safe decision to phase out nuclear power and decommission existing nuclear power plants on safety grounds; the Fukushima disaster and its aftereffects has h...