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magical thyme

(14,881 posts)

20. some noteworthy ISDS suits, and very high awards

Mon May 11, 2015, 09:51 AM

May 2015

A Swedish corporation sued Germany when Germany decided to phase out nuclear power.
http://www.italaw.com/documents/VattenfallRequestforArbitration.pdf

Eli Lilly sued Canada for $500M after Canada found one of its patents invalid.
https://www.eff.org/deeplinks/2015/04/leaked-tpp-investment-chapter-reveals-serious-threat-user-safeguards

An American company Renco sued Peru for $800 million because its contract was not extended after the company’s operations caused massive environmental and health damage.

a $2 billion claim against Indonesia by a UK-based oil company after its contract was cancelled because it was not in line with the law.

Awards are usually lower, but recent ones can also be very high, such as the $2.3 billion award granted by ICSID to an American oil company against Ecuador.

The ability to enforce these awards through seizure of assets owned and located abroad by the government makes ISDS a very powerful instrument.

http://www.globalresearch.ca/the-trans-pacific-partnership-agreement-tppa-when-foreign-investors-sue-the-state/5357500

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Unpacking the ISDS: Why the ISDS actually is a threat to us here [View all] cali May 2015 OP

K&R. Thank you for your efforts to educate DUers with real facts about the TPP riderinthestorm May 2015 #1

thank you so much rider. cali May 2015 #2

The Renco case... ((shudder)) Waiting for anyone to read that case and justify this nt riderinthestorm May 2015 #15

oh, I've seen that. cali May 2015 #17

Oligarchs protecting their own n/t MosheFeingold May 2015 #26

More and more, TPP is sounding like a lot of Art_from_Ark May 2015 #3

I'd love to see any of the folks here supporting this cali May 2015 #4

Yeah, there's someone here who claims that Bernie and Warren are "misrepresenting" TPP, Art_from_Ark May 2015 #5

It's the politcs of adoration. It's personality driven rather than policy driven cali May 2015 #16

I know, I get the "you are so angry" insult whenever I disparage corporations and their GMOs fasttense May 2015 #18

thanks. There is such a large body of evidence contradicting cali May 2015 #19

We all know the outcome to this game - mostly US lawyers working for foreign affiliates suing the US leveymg May 2015 #6

yep. they don't care if they lose. they still get a hefty payday cali May 2015 #7

A positive evil. Corporations will be able to deter labor and environmental laws leveymg May 2015 #34

so where are you tpp supporters? Never mind. I completely understand why you're avoiding cali May 2015 #8

K&R Scuba May 2015 #9

K&R SamKnause May 2015 #10

well, I'd say trade deals that are more harmful than beneficial cali May 2015 #11

Thanks cali. SamKnause May 2015 #12

I'm not arguing with you, but I'm sure you can understand cali May 2015 #13

I understand. SamKnause May 2015 #14

some noteworthy ISDS suits, and very high awards magical thyme May 2015 #20

Thanks for adding those. cali May 2015 #21

yup. from 50 in the 60s to more than 500 now. (very good link below) magical thyme May 2015 #24

hey, mt cali May 2015 #25

It's a monster waiting to crash our economy like it did before. fasttense May 2015 #22

thanks for adding that cali May 2015 #23

Alls I need to know, USA never lost one, and ISDS -- used since 1959 -- can't change our laws. Hoyt May 2015 #27

LOL. You have just demonstrated with great emphasis why your arguments cali May 2015 #29

I don't need links, your post said it. That's why I distilled it to one sentence. Hoyt May 2015 #31

actually, you do need links to evidence for your claims if you expect cali May 2015 #32

Have you read the Renco case? US corporation lead poisoning kids riderinthestorm May 2015 #36

Renco has been in arbitration for 4.5 years, and has gotten nowhere. They won't either. Hoyt May 2015 #38

The U.S. always "wins" these cases - remember? You've been proudly touting that fun fact riderinthestorm May 2015 #40

You need to reorient. Our government has never lost a case against USA. Our companies have lost Hoyt May 2015 #41

K & R historylovr May 2015 #28

thanks Cali for this tutorial. very helpful. bbgrunt May 2015 #30

thank. glad you find it helpful cali May 2015 #33

kick for the "trust the president on the tpp" folks. cali May 2015 #35

afternoon kick cali May 2015 #37

Let's Bern Em kick eloydude May 2015 #39