[TheRegister] Will the next US-EU trade pact prevent Brussels acting against US tech giants?
A controversial chapter [ISDS] of the agreement currently being negotiated would give multinationals the right to sue the government concerned if new laws lead to lower profits. So if, for example, a new law caused Apple’s profits - or Google’s, or Samsung’s, or Amazon’s, or any of a thousand others - to drop sharply they could take the government to tribunal.
Such an action could have followed such previous events as the EU forcing Microsoft to institute browser choice, or the recent ECJ "right to be forgotten" ruling, [...].
Since last year, groups such as EDRi, La Quadrature du Net and Transatlantic Consumer Dialogue, have been banging a drum to get ISDS thrown out of agreement altogether. However these hopes were dealt a blow on Tuesday when the EU’s Trade Commissioner, Karel de Gucht, told the European Parliament that it’s not a question of if ISDS will be in the agreement, it’s what sort of ISDS Europe and the USA will get. [...]