In a move that echoes the emergence of vulture funds, buying up national debts, speculators are now purchasing cases in the kangaroo ISDS courts. IPS News Agency reports that a motley crew of speculators, including hedge funds and private equity firms are investing in ISDS cases, some even financing new claims.
The egregious ISDS system, which can over-rule domestic policy, is a threat to democracy and gives global corporations a competitive advantage over local firms. It constitutes one of the most important threats posed by new trade treaties.
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