> Under a similar trade deal the government of Ecuador was ordered to pay German oil company Occidental $2.3 billion for, apparently legally, terminating a cont

> Under a similar trade deal the government of Ecuador was ordered to pay German oil company Occidental $2.3 billion for, apparently legally, terminating a contract. No. Occidental is a US company, the trade deal was US-Ecuador bilateral investment treaty ("BIT"): http://kluwerarbitrationblog.com/2012/12/19/icsids-largest-award-in-history-an-overview-of-occidental-petroleum-corporation-v-the-republic-of-ecuador/ http://kluwerarbitrationblog.com/2012/12/19/icsids-largest-a... Such kind of penalties are planned by TTIP too, and I don't see the major EU leaders rejecting that approach. Also, don't forget there's at least CETA and TISA, and CETA is to be signed very soon. More demonstrations are needed if EU citizens want to attempt to affect anything! http://www.independent.co.uk/voices/ttip-ceta-tisa-trade-deals-brexit-laim-fox-about-to-take-its-place-a7218281.html http://www.independent.co.uk/voices/ttip-ceta-tisa-trade-dea...