The Protection of Investment Act affords foreign investors no protections beyond domestic law, and pointedly disavows investor-state international arbitration. The SADC Protocol was also amended by the SADC Summit of heads of state and government.
Cabinet’s endorsement of the draft International Arbitration Bill in April this year gave a welcome indication that South Africa would soon provide investors with one of the essential tools for operating in the modern global economy.
Legal practitioners have been saying for some time now that SA’s Protection of Investment Act is not in sync with the country’s commitments under the Southern African Development Community Protocol on Finance and Investment.
What are the next steps for investment protection in South Africa, as the country draws up new legislation governing foreign direct investment following the termination of a number of bilateral investment treaties?
The brief describes the widening debate on the implications of international investment agreements for sustainable development and outlines the broad features of alternative policy approaches to foreign direct investment
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.
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.
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.