The Vultures are at it again: 'Ticking Time Bomb': Corporate Lawyers Openly Discussing Suing Nations Over Profits Lost to Covid-19 Measures

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    • #317617
      Cold Mountain Trail
      Participant
      • Total Posts: 8,493

      Prominent corporate law firms representing major businesses in the United States, Italy, Spain, and other nations are openly discussing the possibility of companies using a secretive and notorious legal process to sue countries over future profits lost due to government efforts to combat the coronavirus pandemic.

      On Monday, the non-profit research group Corporate Europe Observatory (CEO) documented numerous examples of high-powered corporate law firms—including Ropes & Gray, Alston & Bird, and Quinn Emanuel Urquhart & Sullivan—publicly licking their chops over the lucrative opportunity presented by the Covid-19 crisis and government attempts to fight it.

      Ropes & Gray wrote in an alert on its website on April 28 that “for companies with foreign investments,” the investor-state dispute settlement (ISDS) system enshrined by thousands of trade agreements across the world “could be a powerful tool to recover or prevent loss resulting from Covid-19 related government actions…”

      CEO noted that the ISDS system hands “sweeping powers to foreign investors, including the peculiar privilege to sue states in an arbitration court system. The ISDS chapter of the Trans Pacific Partnership was one of the most widely denounced components of the 12-nation trade deal that was ultimately never ratified by the U.S. Congress…

      https://www.commondreams.org/news/2020/05/20/ticking-time-bomb-corporate-lawyers-openly-discussing-suing-nations-over-profits

       

      What do these people live for?  I can’t fathom it.

    • #317625
      Punxsutawney
      Moderator
      • Total Posts: 1,541

      I was talking with my wife the other day about our local rep here in Oregon who my wife thinks is “liberal” and pointed out that she was an enthusiastic supporter of TPP which contained the ISDS at the time. She had a hard time wrapping her mind around the fact that lawsuits like this can in fact happen (Treaties Supersede)  and then the article was posted hours later.

      I’ll never forgive Obummer for pushing this crap, and having the gall to chide those of us protesting it.

      In America, “Liberty” means “Free to Die in Service of Capital” - Amfortas the hippie

    • #317693
      N2Doc
      Participant
      • Total Posts: 7,193

      That’s how you start one. And China has the power to defeat the rest of the world in that area.

    • #317695
      GZeusH
      Participant
      • Total Posts: 2,496

      I think we should be openly discussing giving these corporate lawyers a haircut.

      • #317697
        Hobbit709
        Participant
        • Total Posts: 1,705

        The National Razor needs to be dusted off and stropped.

        I don't waste my time teaching pigs to sing.

    • #317698
      jwirr
      Participant
      • Total Posts: 1,436

      And how is that going to help anyone but the richest?

      jwirr

      • #317702
        retired liberal
        Participant
        • Total Posts: 2,581

        Why? Because thy don’t have all the money yet.

        We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.

        If you are wrong, it will be because you are not cynical enough.

        Both major political parties are special interest groups enabling each other for power and money, at the expense of the people they no longer properly serve…

    • #317714
      salemcourt
      Participant
      • Total Posts: 1,345

      Meanwhile, CNN is playing Trump’s “magical thinking” on Corona virus and asking people not to inject themselves with whatever………..

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