20.07.2015 - 13:52 [ Techdirt ]

EU Proposes To Reform Corporate Sovereignty Slightly; US Think Tank Goes Into Panic Mode

Back in May, we wrote about the European Commission‘s sharing „concerns“ about corporate sovereignty chapters in trade agreements. The Commissioner responsible for trade, Cecilia Malmström, even went so far as to say that the present investor-state dispute settlement (ISDS) system was „not fit for purpose in the 21st century.“ But rather than removing something that is unnecessary between two economic blocs with highly-developed and fair legal systems, she instead proposed to „reform“ it, and to start working towards an international investment court.