11.03.2015 - 11:18 [ Techdirt ]

How Corporate Sovereignty In Trade Agreements Can Force National Laws To Be Changed

As we noted recently, one of the most worrying aspects of corporate sovereignty chapters in trade agreements is the chilling effect that they can have on future legislation. That‘s something that the supporters of this investor-state dispute settlement (ISDS) mechanism never talk about. What they do say, though, is that corporate sovereignty cannot force governments to change existing laws. A recent defeat for Canada before an ISDS tribunal proves that‘s not the case: