‘Putting public at risk’

Central to TTIP is an Investor State Dispute Settlement (ISDS), which will allow corporations to sue foreign governments if they introduce policies that undermine the companies’ profits. A controversial tool in international law, the mechanism has led to mammoth pay-outs from governments, as corporations wage legal battles against states.

In one particularly controversial example, US tobacco giant Phillip Morris took legal action against the Australian government after it introduced mandatory plain cigarette packaging. The firm is also embroiled in a $25 million lawsuit against Uruguay’s government in a bid to stop it from enlarging health warnings on cigarette packaging.