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the2real4mafol said:

Of course, people can sue each other and companies. But, i never said corporations can't sue a government but why would they? If they have a decent business environment, like in most countries then what's the issue with following health and safety, privacy, environmental and worker regulations etc and paying your taxes on time. They make profit anyway as they pay literally pennies to some poor locals in the developing world. Anyway, most governments are reasonable and wouldn't doing anything that would make a corporation want to sue them (the company wouldn't go there to start with)

As for BP, that's what this law sounds like because corporations would have that extra power to do what they like. They have to be accountable like everyone else.

If they are such reasonable regulations, what is the problem with defending them in court?

I'm really at a loss as to why all this angst about democracy being subverted, as if the EU itself hasn't done that enough already (see: the constitution ratification clusterfuck). Is it that a corporation can challenge a national law in an EU court?