A spate of lawsuits triggered by transnational corporations against Argentina, Ecuador, India. Indonesia, Uruguay, Vietnam, Australia and Canada, involving compensation worth billions of dollars is causing grave public concern and preparing the ground for reviewing so-called bilateral investment treaties.
By Martin Khor* | IDN-InDepth NewsAnalysis
GENEVA (IDN) – A growing number of international law suits has highlighted an emerging global crisis: the nature and effects of investment treaties signed between governments, which are allowing private companies and investors to sue countries for millions or even billions of dollars.