Disadvantaging our local businesses ISDS gives overseas - TopicsExpress



          

Disadvantaging our local businesses ISDS gives overseas companies an unfair advantage over Australian businesses. If a Australian feels that they are hard done by, they can take the matter to the Australian courts. However, if the TPP is signed then a foreign investor who thinks that their investment has been damaged would have the option of using the Australian court system, or using ISDS to take the case to an international tribunal claiming a breach of their special rights under the agreement. They could even do both — in September 2012 Philip Morris lost a case in Australia’s highest court about plain packaging of cigarettes, but is continuing to sue Australia using ISDS under an investment agreement with Hong Kong. tppaustralia.org/th_gallery/investor-state-dispute-settlement-isds/
Posted on: Sat, 25 Jan 2014 13:25:20 +0000

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