Latin America

Latin America countries have signed over 650 trade agreements. They have been the most targeted by investor-state disputes (ISDS). About 35% of all ICSID arbitration cases have involved a Latin American state.

Argentina itself has faced almost 60 ISDS disputes, about 9% of all cases, making it the most targeted state globally. Venezuela, Mexico and Ecuador have been among the ten most frequent respondents in the world.

Well-known cases such as Chevron vs. Ecuador or Pac Rim vs. El Salvador have originated in significant environmental damages caused by corporations. Philip Morris is currently suing Uruguay over its anti-tobacco law.

Besides, Chile, Mexico and Peru are party to the Trans-Pacific Partnership (TPP) with nine other Pacific Rim states. Its investment chapter has revealed the inclusion of ISDS provisions that would undermine public health, the environment and other public-interest ‘safeguards’.

The most well-known cases include:

• Chevron (US) vs. Ecuador: in 2013, an arbitration court ordered Ecuador to pay Chevron US$106 for breach of contract (Ecuador-United States BIT invoked). Meanwhile in a separate case, Ecuador’s highest court fined the oil giant US$9.5 billion for dumping billions of gallons of toxic waste into the rainforest. Both cases are unresolved.

Occidental Petroleum Corporation “Oxy” (US) vs. Ecuador: in 2012 Ecuador was ordered to pay US$1.77 billion to the investor, an oil exploration and production company, for breach of contract. Sentence was reduced to US$1 billion in November 2015 (Ecuador-United States BIT invoked).

• National Grid PLC (United Kingdom) vs. Argentina: about US$50 million awarded in 2008 to the investor, a multinational electricity and gas utility company (Argentine-United Kingdom BIT invoked).

(October 2015)

CIAR Global | 20-Feb-2018
Ecuador ha publicado un informe sobre los procesos internacionales en los que se ha visto implicado entre abril de 2008 y enero de 2018. El informe recoge en total 43 procedimientos entre arbitrajes de inversión, arbitrajes comerciales y juicios internacionales.
HispanTV | 19-Feb-2018
La maquinaria neocolonial y neoliberal avanza en Ecuador bajo el discurso de la apertura comercial y la reactivación económica.
S2B | 16-Feb-2018
The undersigned organisations take the position that it is advisable to break away from the fundamentally flawed and increasingly controversial ISDS system.
Cronista | 9-Feb-2018
El consorcio Kuntur Wasi integrado por el holding argentino Corporación América y la empresa peruana Andino Investment Holding iniciará un proceso de arbitraje internacional contra Perú, luego de no lograr un acuerdo en una mediación local por la cancelación de un contrato para construir un aeropuerto de u$s 520 millones en la región de Cusco.
Pulso | 31-Jan-2018
El 8 de enero se llevó a cabo la primera reunión del tribunal, en el que se determinó que el 9 de febrero Alsacia presente los argumentos que sustentan su demanda. Además, se acordaron dos rondas de escritos.
Lexology | 30-Jan-2018
Recent declarations made by members of the newly elected government of Ecuador reveal a reversal of its predecessor’s decision to denounce and withdrawal from the ICSID Convention, as well as all of Ecuador’s bilateral investment treaties
Lexology | 29-Jan-2018
This post discusses the disagreement between Karl-Heinz Bockstiegel (the president of the tribunal) and Michael Pryles, and Prof. Philippe Sands QC, on the assessment of damages.
Página 12 | 26-Jan-2018
El Presidente ofrecerá en París un acuerdo para cancelar con bonos los 400 millones de dólares que reclama la prestadora de agua y cloacas Suez, cuyos incumplimientos de contrato llevaron a la anulación de la concesión en 2006.
Les Echos | 25-Jan-2018
Le président argentin compte présenter à son homologue français un plan de remboursement de la dette historique de l’Argentine auprès de Engie.
MDZ | 19-Jan-2018
El presidente argentino se reunirá con su par francés la semana próxima en París, donde le anunciará que cumplirá con un fallo del CIADI que implica desembolsar millones de dólares.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 620