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)

KolectiVOZ Digital | 7-Dec-2018
Entrevista con Pablo Fajardo, abogado ambientalista de los demandantes a Chevron Texaco en Ecuador, quién nos cuenta sus actuales preocupaciones sobre el caso.
ALAI | 30-Nov-2018
Restringir la soberanía, limitar la capacidad de aplicar legislación y medidas administrativas, y permitir que empresas transnacionales actúen por sobre las leyes locales afectando derechos humanos y el medio ambiente.
Bloomberg | 27-Nov-2018
Venezuela made an partial payment of a settlement designed to resolve a $1.2 billion arbitration award to a bankrupt Canadian gold miner that’s laying claim to the assets of the parent of refiner Citgo Holding Inc. if it’s not paid in full.
Mining.com | 26-Nov-2018
The Hague-based Permanent Court of Arbitration has awarded South American Silver $18.7 million for amounts invested and another $9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.
Correo del Sur | 26-Nov-2018
El Estado boliviano le ganó el arbitraje internacional que le había instaurado la empresa canadiense South American Silver por la mina Mallku Khota y ahorró más de 367 millones de dólares.
CIAR Global | 12-Nov-2018
El empresario peruano Dick Abanto ha presentado una demanda de arbitraje contra Venezuela ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (Ciadi) por intervenir su empresa de telecomunicaciones en 2014, aduciendo su pertenencia a un venezolano acusado de fraude y estafa, que Abanto niega.
La República | 2-Nov-2018
El presidente de la República Martín Vizcarra aprobó una partida de S/ 108 394 504 soles a favor de la minera. El pago se debe a la cancelación del proyecto minero debido a las protestas conocidas como el Aimarazo.
Yogonet | 30-Oct-2018
El Tribunal de Arbitraje insta a ambas partes —Casinos Austria y el Estado argentino— a tomar "todas las medidas necesarias para el desistimiento de los procedimientos nacionales relacionados con la presente controversia".
SDP Noticias | 29-Oct-2018
Un grupo de 46 inversionistas mexicanos demandaron ante instancias internacionales al gobierno de España, a quien acusan de un trato discriminatorio que les hizo perder al menos 470 millones de euros, equivalentes a unos 10 mil 500 millones de pesos mexicanos.
El Ciudadano | 22-Oct-2018
Tanto Piñera como Temer son defensores del modelo liberal que promueve el desarrollo productivo, a través de la apertura económica, la amplia participación del sector privado y las privatizaciones, pero ningún interés en avanzar en áreas sociales.

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