ISDS Case Map
covid
We call for a moratorium on investor-state arbitration cases and clarity of legal principles to ensure that governments have the policy space to protect their citizenry and combat the epidemic.
Wealthy corporations may use trade courts to keep public health measures from cutting into their profits.
Governments worldwide need the policy space now to issue economic support packages and protect their public health systems, without worrying that their budgets could face even more strain from an all-consuming wave of arbitration.
As tech giants emerge as the undisputed winners of the Covid-19 crisis, they continue to use free trade agreements to protect themselves from regulation.
The COVID-19 pandemic has led States to adopt various public health measures that adversely affect foreign investors and exacerbate broader economic issues. In this climate, there is significant potential for disputes under the ECT.
As governments take action to fight the COVID-19 pandemic and prevent economic collapse, they could face multi-million dollar lawsuits.
Research claims top law firms are preparing to ‘cash in’ on the pandemic by helping corporations sue states for measures that have impaired profits.
The union and its allies also asked the government not to join the Trans-Pacific Partnership, as they view that the restriction of rights to access medicine under the deal would put the country’s public health system in danger.
We call on the world community for an immediate moratorium on all arbitration claims by private corporations against governments using international investment treaties.
There is an imminent threat of claims arising from emergency measures, so countries should review how investor-state disputes are handled.
