Trade Agreements: Dispute Resolution
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of Investor-State Dispute Settlement claims arising from climate-related planning and regulatory decisions on public finances.
Answered by Chris Bryant
Investor State Dispute Settlement (ISDS) provides an independent means for investors to resolve disputes with states where they believe they have experienced arbitrary, discriminatory, or unfair treatment or expropriation without compensation.
An independent Tribunal determines the level of liability, if any, in any Investor State Dispute proceedings. The Government has never faced a successful ISDS claim.
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