Global law firms discuss lockdown compensation suits, India too at risk

Lawyers agree that at present the probability of such a suit arising is very low, but not unlikely

Two Europe-based non-government research firms--Corporate Europe Observatory (CEO) and the Transnational Institute (TNI)--have raised red flags over potential law suits against governments by foreign investors who suffered losses due to measures taken during lockdownn on account of Covid-19. In a research article called <Cashing in on the pandemic: how lawyers are preparing to sue states over Covid-19 response measures>, it has been pointed out that the legal industry is preparing the ground for costly ISDS (investor-state dispute settlement) suits against governments.

Some of the bilateral trade and investment treaties signed by governments give sweeping powers to foreign investors, including the