ISDS in action

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Concerned for the poorest citizens, the Argentinian Government froze the price of water during a financial crisis - to make sure it stayed affordable for all.

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In response to this, water companies (including a well-known UK business) used the ISDS system to sue the government for ‘lost profits’.

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Instead of ruling that the human right to clean drinking water should come ahead of company profits, the tribunal ordered Argentina to pay out £251 million.

 

In Argentina it was water…

In Ecuador it was pollution and in India it was large scale tax avoidance. Whatever the issue, ISDS has a history of ruling against poor countries again and again.

But today we can work together to bring an end to this unfair system.