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> "corporations can sue governments under an international tribunal system if governments are failing to uphold their commitments to an international law" From
by ZenoArrow 11y ago
> "corporations can sue governments under an international tribunal system if governments are failing to uphold their commitments to an international law"
From an outsider's perspective, the international tribunal system is too susceptible to corruption. Three lawyers debating in secret, no public or government oversight of the proceedings, with a small pool of lawyers that are eligible to work in these tribunals. If I remember correctly, there are 15 lawyers that end up working on 75% of all international tribunals worth over $4 billion USD.
This talk lays out a number of the problems with the ISDS system, including the figures I've either remembered correctly or got wrong: https://www.youtube.com/watch?v=6fDCbf4O-0s https://www.youtube.com/watch?v=6fDCbf4O-0s . If anyone watches it and finds the point in the video where ISDS is discussed, please advise others where to find the relevant information.