In an op-ed for the Washington Post, Senator Elizabeth Warren, D-Mass., called out United States Trade Ambassador Michael Froman and Trans-Pacific Partnership negotiators for including “Investor-State Dispute Settlement,” or ISDS, in the TPP text.
“ISDS could lead to gigantic fines, but it wouldn’t employ independent judges. Instead, highly paid corporate lawyers would go back and forth between representing corporations one day and sitting in judgment the next. Maybe that makes sense in an arbitration between two corporations, but not in cases between corporations and governments. If you’re a lawyer looking to maintain or attract high-paying corporate clients, how likely are you to rule against those corporations when it’s your turn in the judge’s seat?”
Click here to read more.