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The UK now has multiple motives to finally act. It was recently hit by a second ISDS case, this time by a sanctioned Russian oligarch. If protecting our climate action wasn’t enough, corporate courts are now interfering in questions of war and peace.
The same billionaire, Mikhail Fridman, is also suing Luxembourg over the freezing of his assets – for a whopping $16bn, half its annual revenue. And elite interests are again entangled: among the lawyers representing him in this case is Cherie Blair, wife of the former British prime minister. (2)
It’s time we untangle the UK’s capacity to act in the public interest from this special privilege gifted to big corporations, and the bloated moneymaking industry of corporate lawyers built around it. It’s as simple as writing it out of our trade deals.
Thank you for adding your voice to those of our activists in Devon and London raising the alarm. It is only through many thousands of us standing together that we can push this little-known scandal up the political agenda.
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