Europe

European Union member states have signed over 1500 trade agreements with third countries, in addition to some 200 bilateral investment treaties (BIT) between EU members. Non-EU European states are party to over 700 trade agreements. Most of all of these contain investor-state dispute settlement (ISDS) provisions.

The EU as such has only ratified one treaty with an ISDS mechanism, the Energy Charter Treaty (ECT), to which 52 European and Central Asian countries are party. The EU is also in the process of ratifying comprehensive trade agreements with Canada (CETA) and Singapore, both of which include ISDS provisions, and is currently negotiating trade deals with the US (TTIP), India, Malaysia, Vietnam and many other countries.

The EU has initiated the majority of disputes if all claims submitted by EU member states are grouped together (300 from the 28 member states put together in 2014). Only 11% of awards in favour of investors from the EU have been made public, corresponding to a total known amount of about €3.5 billion. European states altogether have been targeted in 46% of all cases (2013).

At the end of 2014, the number of intra-EU ISDS disputes amounted to 99, approximately 16% of all cases globally, half of which having been brought under the ECT.

Overall, the Czech Republic, Spain and Poland have been among the ten most frequent respondent states, while the Netherlands, the United Kingdom, Germany, France, Italy, Spain and Switzerland have been among the ten most frequent home states of the investor.

The most well-known cases include:

Yukos (Isle of Man) vs. Russia: US$50 billion awarded in 2014 to majority shareholders of the oil and gas company (ECT invoked).

Eureko (Netherland) vs. Poland: case settled in 2005 for about €2 billion in favour of the investor, a large European insurance company (Netherland-Poland BIT invoked)

Ceskoslovenska Obchodni Banka (Czech Republic) vs. Slovak Republic: €553 million awarded in 2004 to the investor, one of the largest commercial banks in the Czech Republic (Czech Republic-Slovak Republic BIT invoked)

(March 2016)

OMAL | 6-Feb-2019
Los tribunales de arbitraje son precisamente parte de un proceso más amplio que, a través de la nueva oleada de tratados de comercio e inversión en los que estos se insertan, pretende implementar una constitución económica global que definitivamente sitúe en la cúspide político-jurídica los intereses corporativos y a las empresas transnacionales.
Stop ISDS | 6-Feb-2019
Today, the 6th of February 2019, the Romanian town of Roşia Montană celebrates its 1888th year of existence. Over the past 20 years, residents have fought against a proposed multi-billion dollar mining project.
El Confidencial | 5-Feb-2019
España acumula otras cuatro demandas ante el Ciadi en 2018, año en que solo Colombia registró más. Los recortes a las renovables han tumbado la seguridad jurídica y la reputación españolas.
Zone Bourse | 5-Feb-2019
Le CIRDI a décidé que la Hongrie devrait verser une indemnité de 73 millions d’euros hors intérêts à Sodexo.
Globe Newswire | 5-Feb-2019
Hungarian State has been ordered to pay Sodexo an award of about 73 million euro, before interest.
CIAR Global | 1-Feb-2019
El tribunal del arbitraje Anglo American PLC contra Venezuela emitió un laudo dando la razón a la República Bolivariana.
Foley Hoag | 30-Jan-2019
Anglo American loses $400 million claim against Venezuela over an expropriated ferronickel processing facility.
Kluwer Arbitration Blog | 29-Jan-2019
It would be a brave person who would gamble on the CJEU not extending its Achmea reasoning to the ECT. Perhaps the time for obituaries is not yet nigh, but the headstone is already being carved.
Reuters | 29-Jan-2019
The EU-Canada free trade deal’s provisions on investor protection are in line with EU law, a senior court adviser said in a recommendation to the European Court of Justice.
L’Echo | 29-Jan-2019
Le traité commercial avec le Canada est compatible avec le droit de l’Union, estime l’avocat général de la Cour de Justice de l’UE.

0 | ... | 70 | 80 | 90 | 100 | 110 | 120 | 130 | 140 | 150 | ... | 1020