‘Proposals for the secret courts of ISDS (investor-state dispute settlement mechanism) system were introduced during transatlantic trade and investment partnership (TTIP) talks, angering both MEPs and civil society.
ISDS would have allowed companies to battle it out with national governments before private courts, prompting fears that businesses would hold too much power over legislators.
European trade Commissioner Cecilia Malmström revealed plans for a new investor protection system, as an alternative to the highly controversial ISDS back in September, mainly due to enormous opposition to it.
Yet when openly questioned about the huge and ever growing opposition by European citizens to TTIP more widely, Malmström responded “I do not take my mandate from the European people.”’
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