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.

WRadio | 17-Nov-2017
La demanda que la empresa de telecomunicaciones estadounidense Italba Corporation interpuso contra Uruguay por revocarle una licencia carece de méritos jurisdiccionales y de fondo, alegó el gobierno del país suramericano en una audiencia ante el organismo internacional que aborda este asunto.
Friends of the Earth Europe | 16-Nov-2017
English translation of the German Association of Judges opinion on the proposal for the Multilateral Investment Court system (MIC).
Bloomberg | 15-Nov-2017
An international arbitration tribunal in February will begin trial on Vodafone’s challenge to India using a retrospective legislation to seek Rs 22,100 crore in taxes.
Le Figaro | 15-Nov-2017
La société ferroviaire américaine Omnitrax a menacé de saisir le tribunal d’arbitrage prévu par l’Accord de libre-échange nord-américain (Aléna) pour régler le désaccord qui l’oppose au gouvernement canadien sur la réparation d’une voie de chemin de fer.
L’Orient le Jour | 15-Nov-2017
Une grande partie du problème tient aux traités bilatéraux et aux dispositions sur l’investissement inscrites dans les accords commerciaux plus généraux.
National Post | 15-Nov-2017
Ottawa filed a lawsuit against the owners of a broken rail line in northern Manitoba hours after the company said it would file a complaint against the federal government under the North American Free Trade Agreement.
Government of India | 13-Nov-2017
The Union Cabinet has given its approval for signing the Joint Interpretative Declaration between India and Colombia regarding the existing Agreement for the Promotion and Protection of Investments.
The Express Tribune | 13-Nov-2017
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
Scoop | 13-Nov-2017
"[New Zealand’s] new government has begun to spin its achievements, while omitting some inconvenient details", says law professor Jane Kelsey.
IELP Blog | 13-Nov-2017
New Zealand’s new Prime Minister, Jacinda Ardern, is on the record as stating that investor-state dispute settlement (ISDS) must not be a part of any future trade agreements signed by New Zealand.

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