4 ms·
https://www.techdirt.com/articles/20150325/17151130431/corporate-sovereignty-provisions-tpp-agreement-leaked-via-wikileaks-would-massively-undermine-government-
by pdkl95 12y ago
https://www.techdirt.com/articles/20150325/17151130431/corporate-sovereignty-provisions-tpp-agreement-leaked-via-wikileaks-would-massively-undermine-government-sovereignty.shtml https://www.techdirt.com/articles/20150325/17151130431/corpo...
This is a slightly better discussion of the problem in the recently leaked draft.
edit:
I guess they aren't bothering to even pretend this is would be anything other than a show trial:
"...the tribunals would be staffed by private sector lawyers unaccountable
to any electorate, system of precedent or substantive appeal. Many of those
involved rotate between acting as “judges” and as advocates for the investors
launching cases against governments. Such dual roles would be deemed
unethical in most legal systems."
Regulatory capture is a helluva drug.
- fsloth 12y agoThis sounds like a typical arbitral tribunal system that companies commonly use to settle various contractual disputes - nothing sinister or unheard of there. What is odd is that it appears to me the agreement would effectively equate changes in legislation that affect profits to a contract dispute.