Question
In recent months, international law firms have been encouraging ISDS lawsuits citing government measures to check contagion and mitigate their economic consequences, urging clients to
In recent months, international law firms have been encouraging ISDS lawsuits citing government measures to check contagion and mitigate their economic consequences, urging clients to invoke investment and trade agreements to claim for allegedly lost income or additional losses or costs due to new government policy measures.
Another firmRopes & Grayadvises: "Governments have responded to COVID-19 with a panoply of measures, including...limitations on business operations, and tax benefits.Notwithstanding their legitimacy, these measures can negatively impact businesses by reducing profitability, delaying operations, orbeing excluded from government benefits...For companies with foreign investments, investment agreements could be a powerful tool to recover or prevent loss resulting from COVID-19 related government actions."
Shearman & Sterlingadvises, "Some interventions will be protectionistthey will seek to support or benefit domestic enterprises (strategic or otherwise) but not foreign investors", without mentioning their generally far lower tax contributions and generous investment incentives enjoyed. Discuss.
~JomoKwame Sundaram,18thAugust 2020~
The question based onMacroeconomics Policies:
Based on the above statement, what are the comments or matters that can be discussed in detail specifically related to the issue of the Microeconomics Policies?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started