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Add comment on:Corporations versus States: Arbitration Boards against Democracy
In 2012 Ecuador paid the largest compensation sum in history $1.76 billion to Occidental for cancelling its oil production contract. Germany is threatened with a compensation of 3.5 billion euro for turning off two nuclear reactors. International investment agreements are part of the new constitutionalism, political-legal structures that secure neoliberalism quasi constitutionally by limiting the possibilities of state intervention and democratic control.
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