investment | BITs
Open Democracy | 11-Feb-2013
Corporations have been granted the exclusive right to sue states (states cannot sue corporations) at secretive international tribunals for action deemed to unfairly affect investors’ profits
| 5-Feb-2013
Earlier last month, a three-member bench of the Supreme Court headed by Chief Justice Iftikhar Chaudhry declared null and void the Reko Diq gold and copper mine agreement, the Chagai Hills Exploration Joint Venture Agreement (CHEJVA), with Tethyan Copper Company (TCC).
keywords:
Australia ,
ICSID ,
investment | BITs ,
investor-state disputes | ISDS ,
mining ,
Pakistan
| 5-Feb-2013
The Supreme Court recently declared void and illegal a mining deal for the Reko Diq copper project signed 20 years ago between the Balochistan government and international mining companies.
keywords:
Australia ,
ICSID ,
investment | BITs ,
investor-state disputes | ISDS ,
mining ,
Pakistan
The Hindu | 22-Jan-2013
In a significant development, the Government of India has ordered a freeze of all Bilateral Investment Protection Agreements (BIPA) negotiations till a review of the model text of BIPA is carried out and completed. This follows a spate of show cause notices on the Government by foreign companies seeking to recover their investments under the agreement.
| 10-Jan-2013
Spanish power grid operator Red Electrica said on Tuesday it had begun to seek World Bank arbitration over Bolivia’s expropriation of its transmission business TDE.
The Hindu | 8-Jan-2013
The changing dynamic of the global economy has led to a transformation in the role of developing countries as both capital importing and exporting States. There is an urgent need to redefine the global BIT regime to reflect this changing paradigm.
| 24-Dec-2012
Recent disputes, including the GMR-Maldives government row and the clash between foreign telecom firms Telenor, Sistema, Etisalat and Vodafone and the Indian government, have exposed India’s vulnerable position in investment agreements. While the foreign telecom companies can use a potent weapon - the ’investment protection’ clause in bilateral treaties - against India, GMR cannot do the same with Maldives.
keywords:
ICSID ,
India ,
investment | BITs ,
investor-state disputes | ISDS ,
Maldives ,
telecommunications
| 29-Nov-2012
Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.
| 26-Nov-2012
The Ministry of Petroleum and Natural Resources (MoPNR) has written a letter to Prime Minister Raja Pervez Ashraf to persuade the Balochistan government to settle the Reko Diq issue out of court, fearing a penalty of Rs39 billion by the International Centre for Settlement Investment Disputes (ICSID).
keywords:
Australia ,
Canada ,
corporate interests ,
investment | BITs ,
investor-state disputes | ISDS ,
mining ,
Pakistan
| 16-Nov-2012
A US-incorporated energy firm, Lone Pine Resources Inc., is taking on Quebec’s stand against fracking, saying it violates the North American free-trade agreement and demanding more than $250-million in compensation.
keywords:
Canada ,
climate ,
energy ,
environment ,
investment | BITs ,
investor-state disputes | ISDS ,
NAFTA | USMCA ,
natural resources ,
US
