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originally posted by: ssenerawa
a reply to: WeAreAWAKE
Can someone elaborate on what's so bad about it?
It just seems like an entity that settles disputes when a company is in a foreign country
From my understanding something like a McDonald's in Japan getting sued for let's say a no wet floor sign slip and fall..
Apparently, Obama supports this and while even the article says Hillary doesn't...
I've heard the opposite.
originally posted by: mOjOm
It allows Foreign Investors, think Global Corporations, to sue Governments in a Private Arbitration outside any laws of that Government.
In other words a giant Corp. could Sue some nation for trying to stop it doing what it wants within that nation in their pursuit of doing business.
originally posted by: Aazadan
They can already do this. Tobacco companies use the laws excessively, especially to bully poorer countries who are signed onto the deals.
originally posted by: WeAreAWAKE
Scary as hell...but here is a great overview about ISDS