STRASBOURG (19 April 2016) – Today before the Parliamentary Assembly of the Council of Europe, UN expert Alfred de Zayas explained why the investor-State dispute settlement (ISDS) mechanisms contained in trade agreements are incompatible with democracy, the rule of law and human rights.
“Existing ISDS should be phased out and no new investment treaty should contain any provision for privatized or semi-privatized dispute settlement. It is wholly unnecessary in countries that are party to the International Covenant on Civil and Political Rights, which commits States to due process and the rule of law,” said Mr. de Zayas.*
The expert’s comments were submitted to the Parliamentary Assembly Committee on Legal Affairs and Human Rights as part of a hearing on the “Human rights compatibility of investor–State arbitration in international investment protection agreements”, an initiative led by Parliamentary Assembly member Pieter Omzigt.
The hearing is timely as the Trans-Atlantic Trade and…
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