Stop corporations profiting from the pandemic. Stop ISDS.
Summary
The statement warns that the Investor State Dispute Settlement (ISDS) system allows foreign companies to sue governments for pandemic-related policies that impact profits, such as business closures or medicine pricing. It presents demands from over 600 civil society organisations to suspend current ISDS cases, terminate existing agreements, and cease signing future agreements containing ISDS to protect public funds.
Key insights
- The Investor State Dispute Settlement (ISDS) system, found in various trade deals, enables foreign corporations to seek arbitration and compensation from governments for policies that negatively affect their profits, potentially pressuring states to reverse public interest measures.
- Specific COVID-19 response measures that could trigger ISDS cases include debt restructuring, the use of private hospitals, making tests and medicines affordable, and restrictions that require businesses to close.
- More than 600 civil society organisations globally demand the suspension of all active ISDS cases during the pandemic, the termination of current agreements featuring ISDS, and a ban on signing future agreements that include the system.
Cite the original document
- APA
- admin (2020). Stop corporations profiting from the pandemic. Stop ISDS. Friends of the Earth International. https://www.foei.org/stop-corporations-profiting-from-the-pandemic-stop-isds/
- Chicago
- admin. Stop corporations profiting from the pandemic. Stop ISDS. Friends of the Earth International, 2020. https://www.foei.org/stop-corporations-profiting-from-the-pandemic-stop-isds/.
- Wikipedia
- {{cite press release |last1=admin |title=Stop corporations profiting from the pandemic. Stop ISDS. |publisher=Friends of the Earth International |date=19 October 2020 |url=https://www.foei.org/stop-corporations-profiting-from-the-pandemic-stop-isds/ |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin2020stop, author = {admin}, title = {{Stop corporations profiting from the pandemic. Stop ISDS.}}, publisher = {Friends of the Earth International}, year = {2020}, month = oct, url = {https://www.foei.org/stop-corporations-profiting-from-the-pandemic-stop-isds/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated