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.

Financial Post | 24-Apr-2017
Canadian miner Gran Colombia Gold has filed a US$700 million lawsuit against Colombia under the Colombian-Canadian free trade agreement after the government ordered the company to cease operations at the El Burro site in Marmato.
El Mundo | 21-Apr-2017
La minera tiene 120 días calendario, iniciados el 28 de marzo, para presentar recursos legales ante el CIADI.
Tech Dirt | 21-Apr-2017
ISDS is an attempt to remove the risk of investment from companies, and place it squarely on the public’s shoulders, without any quid pro quo.
Interfax | 21-Apr-2017
Ukraine will use all legal mechanisms seeking invalidation of the international arbitration court’s ruling ordering Ukraine to pay Tatneft $144 million.
IPS | 20-Apr-2017
ISDS provisions of investment treaties, free trade and other agreements have increasingly provided an investment opportunity to make money by speculating on lawsuits.
Stock Market Wire | 20-Apr-2017
Churchill filed an annulment application after an ICSID Tribunal granted Indonesia’s application to dismiss the company’s claims for damages following the revocation of mining licences.
El Intransigente | 19-Apr-2017
Es tras la decisión de la empresa demandante de retirar la denuncia que había realizado en el 2003, por u$s 960 millones
Reuters México | 19-Apr-2017
El Salvador congeló bienes y cuentas bancarias de la minera australiana-canadiense OceanaGold ante su negativa de cancelar al país centroamericano ocho millones de dólares por los gastos procesales que incurrió durante un litigio en un tribunal internacional, informó el martes la Fiscalía General.
Economic Times | 19-Apr-2017
Free trade agreements tend to treat intellectual property as an investment made by investor corporations, allowing private investment disputes to be raised against the host country.
Reuters | 19-Apr-2017
El Salvador froze bank accounts and assets belonging to OceanaGold Corp after the mining company refused to pay the country $8 million as mandated by an international court.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 1770