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)

Reuters | 1-Apr-2020
Mining company South32 has filed a request for arbitration at the World Bank over a dispute with Colombia concerning royalty payments from its majority-owned Cerro Matoso ferronickel mine:
CIAR Global | 30-Mar-2020
La compañía minera británica South32 SA Investments Limited ha solicitado un arbitraje de inversiones conta Colombia ante el CIADI.
Inequality.org | 27-Mar-2020
The hard work of protecting water and land from the long-term harms associated with gold and silver mining takes place daily on the frontlines of tenacious struggles throughout Latin America and around the world.
Diario Uchile | 20-Mar-2020
Un estudio hecho por el Transnational Institute (TNI) dio a conocer que, entre 1996 y 2019, las empresas transnacionales han demandado en 282 ocasiones a Estados de la región, lo cual representa un 28,7% de las demandas inversor-Estado conocidas a nivel mundial.
CIAR Global | 20-Mar-2020
Una mediación internacional entre el Gobierno de República Dominicana y el consorcio de empresas Odebrecht-Technimont-Estrella, encargado de la construcción de la Central Termoeléctrica Punta Catalina, ha evitado el arbitraje en relación con la reclamación por sobrecostes del proyecto.
ISDS América Latina | 17-Mar-2020
Este informe contiene una sistematización de estadísticas en base a un análisis de los casos inversor-Estado conocidos contra Estados de América Latina y el Caribe (ALC) hasta Noviembre de 2019 y sus consecuencias para los países.
CIAR Global | 13-Mar-2020
En octubre de 2019 la tecnológica estadounidense Neustar anunció su intención de presentar un arbitraje contra Colombia ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI).
Ministère de l’Economie et des Finances, France | 13-Mar-2020
Le CIRDI estime que le traité de protection des investissements Espagne-Pérou n’a pas été violé et demande à Lidercón d’indemniser l’État péruvien à hauteur de 4 MUSD.
La República | 13-Mar-2020
Empresa española deberá pagar a favor del estado peruano 4 millones de dólares.
CIAR Global | 8-Mar-2020
A través de un Hecho de Importancia a la Superintendencia del Mercado de Valores (SMV) peruano, la Sociedad Minera Cerro Verde S.A.A., ha informado del inicio de un arbitraje entre Freeport-McMoRan Inc., grupo económico al que pertenece, y el Estado peruano en relación a las operaciones en la mina de cobre Cerro Verde.

0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 | ... | 940