General Discussion
In reply to the discussion: NAFTA's ISDS: Why Canada Is One of the Most Sued Countries in the World [View all]Hoyt
(54,770 posts)agreements since 1959.
Fact is, companies are not going to invest in other countries without some assurance they will be treated like the country's companies. And the countries know it.
The tribunal arbiters are 3 people -- often professors knowledgable in the area. One is selected by the company (bad, bad, bad); one by the country; and one by mutual agreement between the country and company. Sounds pretty fair to me.
And, the tribunals don't change laws, just award damages. Read the actual details to many of the cases cited above. Often the country enticed the company to build big facilities, then did something to make the facility worthless, and often awarded the project to a local firm. That's not exactly fair. Just tell them upfront their company can't come there.
Again, all these countries clamoring to sign these agreements aren't corrupt.