Excerpt: The Canada-China FIPA creates a tribunal system outside of the jurisdiction of Canada’s justice system. These tribunals serve to adjudicate claims brought by investors against governments resulting from a perceived loss of profit or potential profit.. If investors persuade the tribunals that their profit expectations have been interfered with, tribunals can award damages to investors costing Canadian taxpayers millions - or billions - of dollars. Moreover, parties can request secret arbitration panels to adjudicate the claims, meaning Canadians may never know details about claims against Canada or damages awarded at the taxpayers’ expense.
Posted on: Sat, 18 Oct 2014 15:43:47 +0000
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