We analyzed 38 multi-million dollar claims brought by the mining industry using ISDS and other investment protection laws; in over half, communities are fighting to protect Indigenous territory, water, and more.
Canadian investors have frequently used the ISDS system to pursue their commercial interests abroad—too often to challenge responsible government policies taken in the public interest in developing countries.
In a disappointing judgment, the Court of Justice of the EU (CJEU) has ruled today that the investment court system in the Canadian EU trade agreement (CETA) is compatible with EU law.
30 organisations de la société civile demandent la fin du mécanisme d’arbitrage entre investisseurs et États qui bénéficie exclusivement aux investisseurs étrangers au détriment des Etats et des citoyens et mine la démocratie.
In 2015, Gabriel Resources sued Romania before of the ICSID, asking for a reported four billion dollars in damages, after protests halted plans for Europe’s largest gold mine.
The company’s Canadian and British subsidiaries have already announced their intention to initiate arbitration proceedings against Armenia in accordance with bilateral agreements if the matter is not resolved.
Many countries have become wary of the system and are restructuring or terminating their investment agreements. This is the ambience in which the Court of Justice will decide whether the CETA is compatible with EU law.