<
https://australiainstitute.org.au/post/who-knew-queenslands-richest-man-is-a-foreign-investor/>
"Clive Palmer isn’t a noted Singaporean. The closest the Queensland billionaire
and erstwhile Australian MP seems to have got to Singapore lately is when his
super yacht ran aground off its coast.
Yet Palmer is suing Australia as a “foreign investor” under the
Singapore-Australia Free Trade Agreement (SAFTA), demanding compensation for a
landmark court ruling that put a stop to his proposed Waratah coal mine.
It’s the third such case he’s launched this year against Australia, pursuing a
total of more than $A400 billion in damages.
The saga highlights the ongoing danger posed by trade agreements Australia has
signed up to — with clauses that give corporations a backdoor means of
challenging Australian courts, laws, and regulations."
Via Muse, who wrote "Australia’s Clive Palmer is a real piece of work."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
