Zombie attack! TTIP corporate super rights come back from the dead
The European Commission’s “new” investor protection proposal brings
the same controversial corporate super rights back from the dead
according to a new report by Corporate Europe Observatory and 16 other organisations1.
The study’s release comes just before talks on this controversial issue
resume in Brussels for the first time after a two year halt.
“The zombie ISDS – rebranded as ICS, rights for corporations to sue states refuse to die” shows how the push for foreign investor privileges in EU trade talks such as the proposed EU-US TTIP2
deal continues as the Commission attempts to rebrand the politically
untenable investor-state dispute settlement (ISDS) as an “Investment
Court System” (ICS). An unprecedented Europe-wide controversy over the
democratic threat posed by ISDS led to last autumn’s rebranding of ISDS
as ICS in an attempt to get around the enormous public opposition to
legal privileges for multinational corporations.
