In the midst of the #COVID19 crisis, lawyers urge corporations to defend their profits & challenge governments’ emergency measures in #ISDS corporate courts. Our new report with @corporateeurope reveals their shocking million $ litigation scenarios. Here are 6 of themhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Down pointing backhand index (light skin tone)" aria-label="Emoji: Down pointing backhand index (light skin tone)">
#stopISDS

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚰" title="Potable water symbol" aria-label="Emoji: Potable water symbol"> Bolivia & El Salvador took steps to ensure poor and #COVID19 sick households have access to clean water for handwashing. But #ISDS lawyers argue that foreign utility investors could challenge such measures because they ‘eliminated their revenue streams’.

#GlobalCall4Water

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏥" title="Hospital" aria-label="Emoji: Hospital"> To treat #COVID19 patients for free, Spain & Ireland have temporarily gained public control of private hospitals. Under #ISDS investors could claim millions in damages for such actions - even if governments already paid cost-covering compensation to the private hospital owners

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💉" title="Syringe" aria-label="Emoji: Syringe"> The fate of millions rests on affordable medicines, vaccines & tests for #COVID19. But corporate lawyers tell their clients that they could sue governments under #ISDS if they force producers to sell drugs at a low price or bypass pharmaceutical patents.

#PeoplesVaccine

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💡" title="Electric light bulb" aria-label="Emoji: Electric light bulb">As whole households fall ill with #COVID19 and are stripped of income, politicians in France & the UK are considering relief for the payment of rent & bills. But corporate lawyers argue that could lead to multi million $ #ISDS lawsuits by creditors for ‘causing loss of income’.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💵" title="Banknote with dollar sign" aria-label="Emoji: Banknote with dollar sign"> Corporate lawyers suggest banks could sue governments that restructure debt or put in place capital controls to deal with the #COVID19 economic crisis. Like in Argentina, which was hit by 44 #ISDS lawsuits over emergency measures it took to fight its 2001 crisis...

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💸" title="Money with wings" aria-label="Emoji: Money with wings">Denmark, Poland &France have banned companies registered in tax havens from accessing #COVID19 aid. As corporate lawyers are encouraging their clients to challenge ‘discriminatory’ tax benefits in the context of the crisis, we could soon see #ISDS challenges against #taxjustice

Read more about how corporations are preparing to sue states over pandemic measures in our latest report & #39;Cashing on the Pandemic& #39;: https://longreads.tni.org/cashing-in-on-the-pandemic

https://longreads.tni.org/cashing-i... href="https://twtext.com//hashtag/StopISDS"> #StopISDS

Cashing in on the pandemic: how lawyers are preparing to sue states over COVID-19 response measures

As governments take action to fight the COVID-19 pandemic and prevent economic collapse, big law firms are watching the virus too. Yet their concern is not to save lives or the economy. Instead the...

https://longreads.tni.org/cashing-in-on-the-pandemic