ISDS - extracting resources whether you like it or not! Have you heard of this?
"Investor State Dispute Settlements (ISDS)—a little-known global system designed to settle disputes between foreign investors and sovereign nations. In taking a dispute to ISDS, a foreign investor seeks to enforce commitments made by a nation through a law, treaty or contract. Cases are typically settled by three ISDS adjudicators—not judges but private-sector lawyers—where the investors select one, the nation chooses another, and a third is agreed on by both. The dispute is then settled by a binding ruling, which can include compensation awards to investors.
There have been at least 1,200 known international arbitration cases since the late 1980s, with a sharp rise in both the number and value of awards handed out since 2000. Extractive companies in oil and gas and mining account for about a third of all cases, with governments in Latin America and Africa being targeted most often."
https://www.motherjones.com/politics/2024/01/canada-mining-arbitration-isds-sovereignty/
#asknostr
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gladstein (npub1trr…hdpu)
DecentWisdom / 🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪
npub1ew7…d533
2024-02-01 02:25:02
Author Public Key
npub1ew78j5cv5lf3es399jsayycxwpgsltf38tl46n49ds6qktw0hggsx4d533Published at
2024-02-01 02:25:02Event JSON
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"content": "ISDS - extracting resources whether you like it or not! Have you heard of this?\n\n\"Investor State Dispute Settlements (ISDS)—a little-known global system designed to settle disputes between foreign investors and sovereign nations. In taking a dispute to ISDS, a foreign investor seeks to enforce commitments made by a nation through a law, treaty or contract. Cases are typically settled by three ISDS adjudicators—not judges but private-sector lawyers—where the investors select one, the nation chooses another, and a third is agreed on by both. The dispute is then settled by a binding ruling, which can include compensation awards to investors.\n\nThere have been at least 1,200 known international arbitration cases since the late 1980s, with a sharp rise in both the number and value of awards handed out since 2000. Extractive companies in oil and gas and mining account for about a third of all cases, with governments in Latin America and Africa being targeted most often.\"\n\nhttps://www.motherjones.com/politics/2024/01/canada-mining-arbitration-isds-sovereignty/\n\n#asknostr\n#plebchain\n\nnostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu",
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