"There’s one standard provision most expect to end up in the final text; it’s called investor state dispute settlement, or ISDS. It enables foreign investors from TPP states to sue the governments who sign up to it if those governments act in a way that harms their interests.
What could harm a company’s interests? It could be something straightforward, like a government nationalising a factory. Increasingly, however, cases are being launched against government regulations and policies."
http://www.abc.net.au/radionational...fing/isds-the-devil-in-the-trade-deal/5734490
"“The Philip Morris tobacco company is currently suing the Australian government over its tobacco plain packaging legislation, using an obscure 1993 Hong Kong- Australia investment treaty. Philip Morris is actually a US-based company, but could not sue under the US-Australia Free Trade Agreement, because public opposition kept this clause out of the agreement. Philip Morris rearranged its assets to become a Hong Kong investor in order to use an obscure treaty. This shows how giant global companies can abuse such clauses in trade agreements,’’ said Dr Ranald."
http://aftinet.org.au/cms/node/519
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