Straight to content
de Volkskrant

Fifty years of ISDS: more than $US 100 billion claimed via the Netherlands

Posted in category:
News
Written by:
Written by: Roos van OS
Published on:

Over the past 50 years, at least US$ 100 billion* have been claimed via Dutch investment treaties by companies in other countries, states a report by the Dutch organisations Milieudefensie, TNI, SOMO and Both ENDS.

50 years of ISDS

This year, 2018, marks the 50thanniversary of the introduction of the ISDS arbitration system into  investment treaties. The Netherlands was the first country ever to include ISDS in a bilateral investment treaty with Indonesia in 1968. This controversial ISDS system allows foreign investors to sue governments outside of their national courts for policies affecting investors. The system has set an international standard and the Netherlands now has 90 of these treaties with other countries. These many treaties offer attractive conditions for foreign companies, and are the reason many multinationals maintain letterbox companies here. They can thus file a claim through a Dutch investment treaty without actually doing business in the Netherlands.

Role model

The Netherlands will soon be updating its current investment treaties. Therefore, Milieudefensie, TNI, Both ENDS and SOMO believe that now is the time for a thorough review of the current treaties.

Freek Bersch of Milieudefensie: “It is time for truly fair treaties – treaties in which the interests of people and the environment outweigh the interests of multinationals. This time, let the Netherlands initiate a fair and sustainable model that can be imitated around the world, as it was fifty years ago, but without the damaging consequences caused then.”

Statistics

Take action

Ask Minister Sigrid Kaag for reform of this trade policy via the Milieudefensie website(opens in new window) (only in Dutch) and attend “Unfair Claims(opens in new window) ” at Pakhuis de Zwijger in Amsterdam on 9 February 2018.

* Due to the private character of ISDS, the value of many of the claims is untraceable. The actual amount is likely to be much higher.

Do you need more information?

Partners

Posted in category:
News
Written by:
Written by: Roos van OS
Published on:

Related news

Don't want to miss anything?

Sign up for our newsletter and always stay up to date on information and analysis on corporate power issues.