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Theresa May's Brexit Plan Will Leave Britain Subject To Secret Global Trade Courts - Buzzfeed
Theresa May's plan for Brexit could leave the UK exposed to a network of secret international courts able to rule in corporations' favour over the NHS, food standards, environmental rules and more, leading trade experts have told BuzzFeed News.

But trade experts have warned that signing such deals without the EU judicial system will almost inevitably mean signing up to systems known as "ISDS" (Investor State Dispute Settlement) - secretive, binding arbitration systems that can force countries to overturn their laws when it hurts corporate interests. These formed the core of international opposition to trade deals such as TTIP (between the EU and US) and CETA (between the EU and Canada).

Cases in front of secretive ISDS panels can cover a huge range of issues and can involve overruling laws passed by parliament, as Dr Lauge Poulsen, a senior lecturer in international political economy, told MPs on the House of Commons international trade select committee earlier this month.

To keep in mind if Trump offers a trade deal to post-Brexit UK...

by Bernard on Tue Jan 31st, 2017 at 08:53:05 PM EST
There would be a certain historical irony in Britain being forced to concede a treaty enshrining corporate extraterritoriality.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jan 31st, 2017 at 11:48:22 PM EST
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