Tricks of Trade: Is ICSID Really Good for the Canadian Taxpayer?

Abstract

Is ICSID really good for Canada? Many thing it is. However, it's ratification will have a significant impact on the ability of government to enact legitimate public policies. ICSID removes the public policy protection and eliminates the role for Canadian courts in enforcement of arbitral decisions. This could have a significant impact on the ability of federal, provincial, and municipal governments to enact responsible health, environment, and social policies.

Keywords: International law, international investment law, ICSID, investment arbitration, international arbitration

JEL Classification: K33, F21, J52, Q20, Q30