Countries to face a ‘wave’ of corporate lawsuits challenging emergency COVID-19 measures
19 May 2020
Countries could soon face a ‘wave’ of multi-million dollar lawsuits from multinational corporations claiming compensation for measures introduced to protect people from COVID-19 and its economic fallout, according to a new report.
Researchers have identified more than twenty corporate law firms offering services to mount such cases, which would seek compensation from states for measures that have negatively impacted company profits – including lost future profits...
The research, co-published by the Transnational Institute (TNI) and Corporate Europe Observatory (CEO), draws on statements from firms’ legal briefings, client alerts and webinars – and outlines a list of what it calls “ten particularly heinous litigation scenarios developed by some of the busiest law firms.”