A World Court for Corporations
How the EU plans to entrench and institutionalize Investor-State Dispute Settlement
The European Commission proposal for a global investor court for investor state dispute settlement (ISDS) – known as the Multilateral Investment Court – threatens to enshrine, expand, and entrench the current system of corporate privilege in future trade deals.
A world court for corporations would be the capstone in the architecture of corporate impunity, undermining democratic institutions and lawmaking, and worsening the power imbalance that grants rights, protections, and compensation to corporations at the expense of the public interest.
This booklet is published in cooperation with the Center for International Environmental Law (CIEL) and the Seattle To Brussels network.
Table of contents
Today’s system of corporate privileges
A global corporate court
Reactions to the proposal for a global investor court
Countering global corporate dominance