POL101Y1 Lecture Notes - Lecture 10: Ethyl Corporation, North American Free Trade Agreement, Overfishing
Document Summary
Canada reported higher growth in gdp than us. Protects rights of investors from other countries. Gives standing to corporations or investors to bring claims against governments for regulations or laws that violate free trade. Foreign investor"s investments protected not by laws of country they are investing in, but instead clauses of nafta. Investor claims government laws or regulations violate free trade. In this province has a clause against free trade, which prevents me from doing business in the country. Purpose: protection against nationalization or expropriation (govt. 1938: mexican govt seized oil fields and nationalized those, those companies all lost all their assets and investments. Corporations argue this would have chilling effect on their willingness to invest in mexico. In order to protect corp so they would invest, there will be this rule to prevent mexico from nationalizing their assets. But chapter 11 has never been used in expropriation as there have been no cases of expropriation.
