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Article

10 Jun 2020

Author:
Cecilia Olivet, Pia Eberhardt, openDemocracy (UK)

Commentary: We must stop law firms from cashing in on the pandemic – before it's too late

19 May 2020

As in any crisis, there will be winners and losers from this global pandemic.

Those paying the price for COVID-19 are becoming more visible every day – from the nurses risking their own lives to save others, to the poorly paid workers toiling overtime to produce food and deliver essential goods. Globally, we are also starting to see the impact on impoverished countries that have been forced to deal with an unprecedented health and economic crisis.

Some of the winners are also becoming clear – Jeff Bezos, pharmaceutical corporations, tech firms – companies that are booming while small businesses collapse. But they are just the tip of the iceberg. Behind the scenes, many companies and international law firms are weighing up the legal options that might enable them to benefit from this crisis. Their point of entry is not the money they hope to make from this crisis, but rather the money they didn’t make due to the emergency measures taken by governments.

Part of the following timelines

Law firms prepare for corporate lawsuits challenging govts. over COVID-19 emergency measures

Investor-State Dispute Settlement