Diane

ISDRs - be afraid, be very afraid

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    Very interesting. But I think that the Global Financial Crisis showed us that nowadays individual nations (let alone states) are pretty powerless in the face of big multinational business organisations, be it the banks or the mining companies.

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    In a nutshell and it might be best to actually explain the acronym.................... For those of you that haven’t been following this, ISDR is an acronym for “Investor State Dispute Resolution”, and in a nut shell what that would mean is that any foreign corporation (operating under an ISDR provision), that finds that our laws interfere with their business has the right to sue our governments for damages. Outrageous, right?

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