Investor-State Dispute Settlement (ISDS) allows an investor the right to sue a foreign government for losses arising from changes in local laws, regulations etc
ISDS is to work with TTIP, it is already an established practice under NAFTA, TPP and other trade agreements. Foreign investors may sue states – but states may NOT sue investors (as they are not party to the agreements to begin with). Hundreds of such cases have been taken worldwide, in tribunals run mainly by industry/corporate interests . ISDS has nothing to do with democracy, it is about protecting profits.
See also flyer published by The People’s Convention (CPPC) – DEMAND A REFERENDUM ON OUR MEMBERSHIP OF THE EU