4 ms·
The opposite of this _sort of_ exists in the ICSID[1] where investors or companies can sue governments for losses caused by those governments enforcement of the
by 49531 5y ago
The opposite of this _sort of_ exists in the ICSID[1] where investors or companies can sue governments for losses caused by those governments enforcement of their laws.
For example when tobacco major Philip Morris sued Uruguay for alleged breaches to the Uruguay-Swiss BIT for requiring cigarette packs to display graphic health warnings and sued Australia under the Australia-Hong Kong BITS for requiring plain packaging for its cigarettes. The company claimed that the packaging requirements in both countries violate its investment.[2]
1. https://icsid.worldbank.org/ https://icsid.worldbank.org/
2. https://archive.globalpolicy.org/globalization/globalization-of-the-economy-2-1/trade-agreements-2-4/52113-the-emerging-crisis-of-investment-treaties.html https://archive.globalpolicy.org/globalization/globalization...