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Article

28 Apr 2016

Author:
JURIST

UN human rights expert: Investor-state dispute settlement mechanisms "incompatible with democracy"

UN expert Alfred de Zayas on Tuesday warned against investor-state dispute settlement (ISDS) mechanisms in trade agreements, saying that they "are incompatible with democracy, the rule of law and human rights." ISDS mechanisms, which according to Zayas, provide for "privatized or semi-privatized dispute settlement" he warns, work against the public interest and allows calculated risks for profit in accordance with a "ideologically-driven corporate narrative." He concluded his remarks urging the abolishment of ISDS and similar mechanisms. Currently 28 nations are negotiating the TPP.