The term lsquo ISDS rsquo is sometimes seen in the news in the context of trade It refers to ........

Economic Affairs Foreign Trade - Trends and Policy

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The term ‘ISDS’ is sometimes seen in the news in the context of trade. It refers to

Individual companies suing countries for alleged discriminatory practices

Curbing of the tax evasion by multinational companies

Exploitation of genetic resources of a country by multinational companies

Lack of consideration of environmental costs in the planning and implementation of developmental projects

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Explanation:

Investor-state dispute settlement (ISDS) or investment court system (ICS) is a system through which investors can sue countries for alleged discriminatory practices.
While ISDS is often associated with international arbitration under the rules of ICSID (the International Centre for Settlement of Investment Disputes of the World Bank), it often takes place under the auspices of international arbitral tribunals governed by different rules or institutions, such as the London Court of International Arbitration, the International Chamber of Commerce, the Hong Kong International Arbitration Centre or the UNCITRAL Arbitration Rules.
If an investor from one country (the "home state") invests in another country (the "host state"), both of which have agreed to ISDS, and the host state violates the rights granted to the investor under the treaty, then that investor may bring the matter before an arbitral tribunal.