Post by Markanite on Apr 27, 2022 13:19:21 GMT -5
ISDS Ban
A resolution to reduce income inequality and increase basic welfare.
Category: Social Justice
Strength: Significant
Proposed by: Tinhampton
Whereas fundamental sapient rights should not be literally or metaphorically sold to the highest bidder, the General Assembly hereby:
defines, for the purposes of this resolution:
an "FTA" as a bilateral or multilateral free trade agreement that includes at least one member state,
"regular courts" as domestic courts and any court of the World Assembly Judiciary Committee, and
an "investor-state dispute settlement mechanism," henceforth an ISDS mechanism, as any mechanism included in an FTA which has the effect of allowing any legal person to file suit against any party to that FTA outside of regular courts, but which does not allow any other entity to file such suit, nor allows any state party to that FTA to file suit against any legal person outside of regular courts,
forbids the establishment of future ISDS mechanisms,
requires that all ISDS mechanisms currently in operation be disbanded, and
strongly urges legal persons who believe that their rights have been violated to seek redress in regular courts.
This is the discussion thread. To cast your vote, go HERE