When multinationals attack states

What happens when a multinational is dissatisfied with a regulation or law that harms its profits? It takes the state to a private court of law: an international arbitration tribunal. Didn't you know about this? Of course, all this takes place behind closed doors, in the greatest secrecy. For taxpayers, billions are at stake. An international investigation into a hidden struggle between the power of states and that of multinationals.

In autumn 2016, millions of Europeans took to the streets to protest against Ceta, the free trade agreement with Canada. Its rejection by Wallonia, through the voice of its Minister-President Paul Magnette, plunged the EU into a serious crisis and put arbitration tribunals under the spotlight - and under criticism. This mechanism, provided for in numerous international trade agreements, enables multinationals to sue governments before private judges - corporate lawyers - in order to claim compensation for actual or potential loss of earnings induced by a change in legislation. In 2016, Cosigo Resources Ltd. filed an arbitration claim against Colombia: by classifying a sacred Amazonian territory as a «national natural park», Bogotá cancelled the mining concession of the Canadian company, which estimates its loss at $16 billion, or around 20 % of the Colombian national budget...