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Terms that are on use on this site.
There are 132 entries in this glossary.
All
| Term |
Definition |
| Chapter 11 |
Is a chapter in the North American
Free Trade Agreement (NAFTA) that deals with
foreign direct investment. This chapter has become very controversial
because of a provision that established a member country system
of private arbitration for foreign investors to bring injury claims
against governments. These so called "investor-state" cases are
litigated in special international arbitration bodies, which are
closed to public participation, observation and input. Written to
protect foreign investors from governments seizing their property,
corporations have stretched NAFTA's Chapter 11 to undermine government
decisions made to protect public health, the environment and local
communities. [This should not be confused with Chapter 11 of the
US bankruptcy code.]
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