The Comprehensive Economic and Trade Agreement which Canada is working out with Europeans has a much fairer method of dispute resolution that allows appeals from poor decisions and a greater ability for governments to legislate even if new rules may affect corporate bottom lines.
Prudence requires those involved in [ISDS reform] to come to agreeable terms, setting a global standard that would increase net foreign investment and trust between nations.
In 2015, faced with opposition to ISDS in many European countries, the European Parliament decided there must be a new arbitration system for the pending Trans-Atlantic Trade and Investment Partnership (TTIP).
Adam Feldman looks into how trade arbitration provisions currently favour corporations and how the process can be reformed.