08.11.2013 - 17:06 [ Techdirt ]

South Africa Plans To Terminate And Renegotiate Treaties That Include Corporate Sovereignty

Despite the growing evidence that corporate sovereignty clauses in international treaties pose considerable risks to nations that sign them, such „investor-state dispute settlement“ (ISDS) mechanisms are present in both TPP and TAFTA/TTIP — at least as far as we know: it‘s hard to be sure given the obsessive secrecy surrounding them.

South Africa has experienced first hand the reality of those bland-sounding systems and the behind-closed-doors tribunals that implement them. Here‘s what happened when it set about transforming the country after apartheid, as this column on the South African Independent Online site explains: