The European Commission’s most recent proposal for ISDS reflects a move away from fake reforms to something potentially more meaningful, but it is insufficient and unreliable, says legal expert Gus Van Harten.
The EU’s trade chief proposed on Tuesday creating a new European court to settle disputes in international trade agreements, a step aimed at overcoming growing public resistance to a free-trade accord with the United States.
A former top financial official who advocated for Korea Exchange Bank’s breakaway from Lone Star has taken up a position in a law firm that represents the US buyout firm at a time when the firm is suing the Korean government for $4.6 billion in an investor-state dispute.
The Dutch company will file an ISDS application against the Korean government, should the authorities refuse to pay 183.5 billion won ($169.9 million) in tax refund.
A group of radical performance activists who hail from New York staged an “exorcism” of corporate power outside an international law firm in London to raise awareness about the dangers of an EU-US trade deal being brokered behind closed doors.
"We cannot tell President Obama what to do. [But] our hard fought victories for protecting the lives of all New Yorkers will be at risk if he signs the TPP."