Civil Society Organizations Urge Fundamental Reform at UNCITRAL's Investor-State Dispute Settlement Discussions
In a letter to United Nations Commission on International Trade Law Member States, more than 300 civil society organizations, including CFA, from 73 countries reiterate their unequivocal opposition to the investor-state dispute settlement (ISDS) regime and the far-reaching rights for foreign investors enshrined in trade and investment treaties. ISDS and the investment treaty regime empower one class of interests – multinational corporations and investors – to sue governments outside of domestic court systems for unlimited amounts of compensation, including for the loss of expected future profits. A vast array of domestic laws, court rulings, regulations, and other government actions are subject to such attack, including non-discriminatory policies enacted in order to promote public welfare.
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