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 | 21-Feb-2019
Según información publicada en prensa el procurador del caso Lava Jato en Perú ha afirmado que no existe una demanda de arbitraje de Odebrecht contra el estado peruano, a pesar de que la notificación se produjo hace dos años.
Hogan Lovells | 20-Feb-2019
Claimants failed to seek an annulment of the 12 October 2018 award, which dismissed the totality of claimants’ claims against the Republic of Panama.
El Financiero | 13-Feb-2019
El fabricante estadounidense de envases de vidrio Owens-Illinois Inc. demandó a Venezuela y a las empresas estatales mientras busca cobrar un arbitraje de $ 500 millones por la nacionalización de dos plantas en 2010.
JDSupra | 12-Feb-2019
Resumen del CIADI – Nuevas reclamaciones contra países de América Latina. Ecuador, Argentina y Uruguay aprueban nuevas leyes de inversión y arbitraje
JDSupra | 12-Feb-2019
New claims against Latin American countries. Ecuador, Argentina and Uruguay pass new investment and arbitration laws.
Reuters | 12-Feb-2019
US glass container maker Owens-Illinois Inc has sued Venezuela and state-owned companies as it seeks to collect a $500 million arbitration award over the 2010 nationalization of two plants.
M4 | 6-Feb-2019
Nos unimos en solidaridad con los residentes de San Pedro Ayampuc y San José del Golfo, quienes están profundamente preocupados por la grave amenaza que la mina representa para los suministros de agua, los ecosistemas y la calidad de vida en el área.
RCI | 5-Feb-2019
El frustrado proyecto de explotación minera en el yacimiento de oro de la mina Las Crucecitas, en Costa Rica, llevó a la empresa canadiense Infinito Gold, a presentar en 2014 una demanda por indemnización ante el CIADI.
CIAR Global | 1-Feb-2019
El tribunal del arbitraje Anglo American PLC contra Venezuela emitió un laudo dando la razón a la República Bolivariana.
Ultimas Noticias | 1-Feb-2019
La sentencia del Laudo ratificó el ejercicio de la soberanía del Estado venezolano ante sus recursos minerales .

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