I write articles for Open Democracy in my spare time.
I don’t know if you are aware but on the 1st of October 2014 – major changes were made to the LCIA “arbitration laws” which became effective on 1st October 2014. These changes are of course purely designed to be in Corporations favour – and the scale of the changes are truly shocking – as Corporations rush them in – in the hope no-one will notice – timed to happen before TTIP and CETA are signed.
Now of course the “arbitration” “law” is in fact nothing more than a set of rules between corporations – but if TTIP and CETA are signed – as you know this creates a legal precedent across the whole of the UK to make this “arbitration law” – that has not been written by any parliament in the world - but instead by a group of unelected, unaccountable businessmen in the City of London.
How can a corporate club be allowed to write international law, control international law and the court which will enforce it – when not one voter in any country in the UK, the EU or the rest of the world has ever elected them to sit in any democratic parliament to write national never mind international law.
The attempt by EU leaders (including MP’s) to make this market traders club sovereign over our country and our taxpayers is breathtaking as you know - but for this corporate club to adjust their club rules dramatically in their favour against the taxpayers of every country in the world – without consulting the people of any nation – is the nothing more than sheer corruption.
Please find below a link to the Mondaq article which summaries the new “international law” decided by a bunch of market traders in the City Of London.
Canada News : New LCIA Arbitration Rules Come Into Effect On October 1, 2014