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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.

The case against third-party funding in investment arbitration
IISD | 14-Aug-2018
These claims come at a significant cost to target countries and their citizens, since these claims will ultimately be paid by a large underrepresented class of stakeholders: the public.
keywords: investor-state disputes | ISDS , sovereignty | democracy
Charge contre le financement par des tiers dans l’arbitrage des investissements
IISD | 14-Aug-2018
Ces recours représentent un coût significatif pour les pays ciblés et leurs citoyens, puisque qu’ils devront au final être réglés par un groupe de partie-prenantes largement sous-représenté : le public.
keywords: investor-state disputes | ISDS , sovereignty | democracy
Select committee urged to stop the spread of ISDS under CPTPP
Voxy | 14-Aug-2018
A range of labour, health and environmental organisations are calling for a clause to be inserted into the CPTPP Amendment Bill that would prevent future governments from extending investor-state dispute settlement to countries seeking to join the agreement.
keywords: actions | resistance , CPTPP , investor-state disputes | ISDS , New Zealand
BBVA starts arbitrations procedures with the ICSID on the exit from its Bolivian Pension Fund Administrator
BBVA | 14-Aug-2018
BBVA has requested arbitration under the investment agreement between Spain and Bolivia with respect to the transfer of BBVA Previsión AFP (Pension Fund Administrator) to the Government of Bolivia.
keywords: Bolivia , investor-state disputes | ISDS
Minera Aratirí formaliza demanda internacional contra Uruguay por US$3.500M
América Economía | 14-Aug-2018
La firma de origen indio presentó un proyecto en 2011 con el objetivo de instalar una mina en Valentines para extraer hierro. Sin embargo, la aprobación de una ley de minería fue interpretado por Aratirí como un cambio en las reglas de juego.
keywords: investor-state disputes | ISDS , mining , Uruguay
BBVA inicia ante el CIADI un arbitraje por salida de la AFP
Página Siete | 14-Aug-2018
El BBVA inició una demanda de arbitraje contra el Estado boliviano ante el CIADI, por su salida de la administración de la AFP Previsión BBV, según un comunicado oficial del banco español en su página web.
keywords: Bolivia , investor-state disputes | ISDS
Luxembourg fund awarded EUR 53.3 million for FET breach arising out of Spain’s curtailment of renewable energy incentive schemes
IISD | 10-Aug-2018
An arbitration tribunal found that Spain’s electricity reforms breached its obligation to accord to the investor fair and equitable treatment under the Energy Charter Treaty
keywords: ECT , energy , investor-state disputes | ISDS , Luxembourg , Spain
Un fonds luxembourgeois se voit accorder 53,3 millions EUR pour violation du TJE suite à la réduction du mécanisme espagnol d’aide en faveur de l’énergie renouvelable
IISD | 10-Aug-2018
Un tribunal d’arbitrage a déterminé que les réformes du secteur de l’électricité menées par l’Espagne violaient l’obligation du pays d’accorder un traitement juste et équitable à l’investisseur au titre du Traité sur la Charte de l’énergie.
keywords: ECT , energy , investor-state disputes | ISDS , Luxembourg , Spain
Costs and benefits of investment treaties
CCSI | 10-Aug-2018
As states look back over decades of treaty practice, the expected benefits have not clearly materialized, whereas the costs have been unexpectedly high.
keywords: investment | BITs , investor-state disputes | ISDS
EU-Canada (CETA) - Revised draft decisions on the appellate tribunal, the code of conduct and the rules for mediation for the implementation of the Investment Court System (EU proposal, July 2018)
| 10-Aug-2018
keywords: Canada , EU , FTAs (texts of) , investor-state disputes | ISDS , reformed ISDS