As of today, it has paid out over 500 million to companies with products that didn't quite work out. You have a meeting with three attorneys appointed by NAFTA, and you argue your case. Their burden of proof is whatever their knowledge of your industry is. If you sell unique IC chips, you pretty much have a great deal of leverage over selling say, soy beans. The billions just offered to the farmers was to spare the xnumber of tribunal attorneys needed to shell out exactly what the farmers would have asked for. It was not a welfare payment to the farmers. They would get it anyway. The payment basically wiped out attorney fees.
This is the part that you all in this forum will want to know:
What if you're a savvy invvestor on reddit and want damages caused by a company, especially if the company you are inested in won a previous NAFTA risk damages payment?
It's almost there for you. Sorry, I would post more. Got my thread off of Apple deleted yesterday by social media managers. Possibly free money for investors is taboo with an undeserved headline of a trillion dollar market cap with nearly 95% of the product made outside of the USA. Apple knows NAFTA provides free risk insurance.
Here, might as well read more before this gets deleted for talking reality instead of hype to build value not on PE but xtimes value in hype talk here. Companies, sorry, corporations do not report enough already. This is steady cash and as it says, USA has not lost yet. "I wanted to frack in Canada and they said no after I bought $9 million in R&D, now pay me $9 million"
77 known NAFTA investor-state dispute settlement (ISDS) claims up to January 2015. These include 35 against Canada, 20 against the U.S., and 22 against Mexico. Canada has paid out NAFTA damages totaling over $CAD172 million, while Mexico has paid damages of $US204 million.
The U.S. has yet to lose a NAFTA chapter 11 case. All three governments have incurred tens of millions of dollars in legal costs to defend themselves against investor claims.
Canada has been the target of over 70% of all NAFTA claims since 2005. Currently, Canada faces nine active claims challenging a wide range of government measures that allegedly interfere with the expected profitability of foreign investments. Foreign investors are seeking over $6 billion in damages from the Canadian government. These include challenges to a ban on fracking by the Quebec provincial government and a decision by a Canadian federal court to invalidate a pharmaceutical patent on the basis that it was not sufficiently innovative or useful.
Submitted August 03, 2018 at 03:38PM by SwineZero https://ift.tt/2nayBh2
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