The Australia-Hong Kong Free Trade Agreement and separate Investment Agreement signed still give special rights to foreign investors to bypass national courts and sue governments for millions of dollars in international tribunals
It has taken a second FOI case and another two years to reveal that Australian taxpayers were only awarded half of the costs of defending Australia’s tobacco plain packaging laws against tobacco giant Philip Morris in March 2017.
The tribunal considered that the main and determinative reason for the 2011 restructuring was in order for the tobacco giant to bring a legal claim under the BIT Treaty, using a Hong Kong-based entity.
En esta ocasión, las demandantes encabezadas por la holandesa The Williams Companies International Holdings B.V., cambian de despacho en relación a la demanda de arbitraje que interpusieron en 2011 también ante el CIADI.
Argentina introduced a number of new restrictions on foreign currency transactions, reversing its four-year-old policy that had eliminated such controls, which may give rise to investment treaty claims by foreign investors.
La compañía de energías renovables VM Solar Jerez junto a otros cinco demandantes alemanes han presentado la demanda de arbitraje de inversiones número 35 por las reformas energéticas, relacionadas con las renovables.