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.

EJIL: Talk! | 23-Sep-2019
South Africa makes clear that in its view, procedural reform is not enough. A wider agenda that includes substantive issues is needed.
Euractiv | 23-Sep-2019
The EU and its member states should collectively withdraw from the Energy Charter Treaty, which protects fossil fuel investments.
IISD | 20-Sep-2019
This claim to the long series of cases arising out of Italy’s reform of its scheme of incentive tariffs for solar energy.
IISD | 20-Sep-2019
Cette affaire vient élarger la longue liste d’affaires découlant de la réforme menée par l’Italie de son mécanisme d’octroi de tarifs préférentiels dans l’énergie solaire.
Alternatives Economiques | 20-Sep-2019
Un nouveau cas de litige entre investisseurs étrangers et Etats se profile dans le cadre du Traité sur la Charte de l’énergie, à l’origine de nombreuses affaires qui ont défrayé la chronique en Europe.
Lexology | 19-Sep-2019
A federal court in Washington, DC has recognized and enforced a US$331 million arbitral award against Romania under an intra-EU BIT—notwithstanding the objection of the European Commission that the award is incompatible with EU law.
Reuters | 18-Sep-2019
An international arbitration panel will hold hearings next month in the United States in a case filed by two New York-based hedge funds against the South Korean government over a 2015 Samsung merger.
Journal de l’Economie | 18-Sep-2019
On assiste à l’émergence d’une nouvelle puissance émettrice du droit, dotée de pouvoirs juridictionnels, et à l’origine d’une jurisprudence.
Maldives Independent | 18-Sep-2019
Maldivian courts will be obliged to enforce arbitration awards.
Daily Star | 17-Sep-2019
With the serving of show-cause notices on Robi and Grameenphone as to why their licences will not be cancelled for not paying the so-called ‘dues’, the Bangladesh Telecommunication Regulatory Commission has come closer to facing investment lawsuits.