ISDS – an Insidious Threat for the Uninterrupted Operation of Public Administration
Journal Title: Chorzowskie Studia Polityczne - Year 2017, Vol 13, Issue
Abstract
The ISDS (Investor-State Dispute Settlement, also known as ICS – Investment Court System) is a contractual mechanism for the settlement of disputes between a foreign investor and a host country government. It allows an entrepreneur (an investor) to bring a case against a country (government) before a court of arbitration, should the country enact or use legislation adversely affecting the entrepreneur’s earnings (discriminatory practices). ISDS arbitrators are a group of over a dozen generously paid lawyers working for big international law firms who hardly ever rule in favor of the state. Under the ISDS, an entrepreneur can claim exorbitant damages over lost profits as well as compensation for expected profits, without even having to support the claim with strong evidence and detailed calculations. Importantly enough, domestic law systems do not provide for any judicial or administrative controls over this mechanism. The paper points out the dangers that the ISDS poses to governments and public administration, to the extent that it might impair a state’s legislative and administrative functions. This is because, fearing the financial consequences, civil servants might be tempted to dilute norms and standards or refrain from action in a number of key areas.
Authors and Affiliations
Krzysztof Załucki
Keywords
Related Articles
- EP ID EP299959
- DOI -
- Views 82
- Downloads 0
Security-Development Nexus in the Framework of the EU Development Policy
As stated by Simon Reid-Henry, while security and development are currently perceived as two sides of a coin, their conjuncture cannot be unproblematic. The question arising from that assumption is about the potential po...
Bezpieczeństwo socjalne jako element polityki społecznej samorządu terytorialnego w Niemczech
Samorząd terytorialny w Niemczech jest jedną z najważniejszych części administracji publicznej w Niemczech, jest praktycznie jego podstawą. Posiada szeroko zakreśloną gwarancję konstytucyjną i równie rozległą autonomię....
Europe Facing Challenges: the Multiculturalism Dilemma
Immigration is a process involving interactions and clashes between cultures, whereby cultural differences, some of them truly dramatic, come into play. The paper revolves around distinctiveness and foreigness in the per...
Decentralization of Social Services as a Precondition for Democratic Stability and Sustainability
The article is dedicated to exploring the decentralization of social services as a precondition for the sustainability of democracy and society, offering an overview of positive and negative factors involved in the proce...
EUNAVFOR Med Sophia Operation as European Union’s Migration Policy Instrument
The 2015 migration crisis in the Mediterranean region has forced the European Union to define its migration policy for the coming years together with the ways to enforce it. The EUNAVFOR MED SOPHIA operation, initiated i...