investor-state disputes | ISDS

Investor-state dispute settlement (ISDS) refers to a way of handling conflicts under international investment agreements whereby companies from one party are allowed to sue the government of another party. This means they can file a complaint and seek compensation for damages. Many BITs and investment chapters of FTAs allow for this if the investor’s expectation of a profit has been negatively affected by some action that the host government took, such as changing a policy. The dispute is normally handled not in a public court but through a private abritration panel. The usual venues where these proceedings take place are the International Centre for Settlement of Investment Disputes (World Bank), the International Chamber of Commerce, the United Nations Commission on International Trade Law or the International Court of Justice.

ISDS is a hot topic right now because it is being challenged very strongly by concerned citizens in the context of the EU-US TTIP negotiations, the TransPacific Partnership talks and the CETA deal between Canada and the EU.

Express Tribune | 19-Jul-2019
In the Reko Diq case registered by Tethyan Copper Company, the dollar-starved Pakistan has been slapped a penalty way beyond its reach by the World Bank-sponsored ICSID.
Euractiv | 19-Jul-2019
The European Commission and the Nord Stream 2 gas pipeline company are heading toward legal arbitration in their dispute, with a risk of huge fines for EU taxpayers.
Amigos de la Tierra | 18-Jul-2019
El acuerdo de Asociación Económica Integral Regional socavaría las normas de protección del medioambiente en Asia.
El Desconcierto | 17-Jul-2019
La firma de este tratado de libre comercio obstaculizaría las acciones que apunten a cualquier transformación estructural.
Express Tribune | 17-Jul-2019
The International Centre for Settlement of Investment Disputes (ICSID) has declared that the Supreme Court of Pakistan’s judgment in the rental power projects case is ‘arbitrary’.
L’Humanité | 17-Jul-2019
L’État roumain en retirant son permis d’exploitation à une compagnie minière canadienne se voit aujourd’hui traîné devant les tribunaux internationaux.
El Periódico | 16-Jul-2019
El CIADI aceptó la conformación del panel arbitral que conocerá la demanda contra el Estado de Guatemala planteada por Daniel W. Kappes y Kappes, Cassiday & Associates, por la suspensión del proyecto minero Progreso VII Derivada El Tambor.
CNN Chile | 16-Jul-2019
El CIADI del Banco Mundial determinó que el país islámico deberá desembolsar 5.840 millones de dólares tras denegar ilegalmente la licencia minera para el proyecto Reko Diq.
Les Affaires | 16-Jul-2019
Barrick Gold a indiqué que sa coentreprise avec le mineur chilien Antofagasta avait obtenu 5,84 milliards $ US en dommages-intérêts pour son projet Reko Diq, au Pakistan.
Business Recorder | 15-Jul-2019
The Pakistan government has decided to challenge the award ICSID award that includes $4.08 billion penalty and $1.87 billion interest.

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