CFA Joins Global Civil Society Organizations in Asking UNCITRAL to Reject Investor-State Dispute Settlement
In a letter to United Nations Commission on International Trade Law member states, hundreds of global civil society organizations including CFA express unequivocal opposition to the investor-state dispute settlement (ISDS) regime and the far-reaching rights for foreign investors enshrined in trade and investment treaties. ISDS and the investment treaty regime empower one class of interests – multinational corporations and investors – to sue governments outside of domestic court systems for unlimited amounts of compensation, including for the loss of expected future profits. A vast array of domestic laws, court rulings, regulations, and other government actions are subject to such attack, including non-discriminatory policies enacted in order to promote public welfare.
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