"Disputes have already cost governments hundreds of millions of pounds in compensation.
"Disputes have already cost governments hundreds of millions of pounds in compensation. The Swedish nuclear energy group Vattenfall is suing the German government for its decision to phase out nuclear energy following the Fukushima disaster, while the French waste and energy group Veolia sued the Egyptian government when it raised the minimum wage.
“There have been more than 600 such cases and most of them have been decided in favour of the corporations,” he said. “Why? Because the arbitrators are highly paid corporate lawyers, today working for the corporation, tomorrow as advocates, day after tomorrow as lobbyist, the day after that as arbitrators.
“These are classical situations of conflict of interest and lack of independence.”
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