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)

ISDS impactos | 18-Feb-2020
En 2018, Colombia fue el país más demandado ante tribunales de arbitraje privados por parte de corporaciones transnacionales.
Ciar Global | 18-Feb-2020
The arbitration between the US mining company Renco Group and Peru in relation to the metallurgical deposit in La Oroya was reopened, at the request of the mining company.
Ciar Global | 17-Feb-2020
El arbitraje entre la minera estadounidense Renco Group y Perú relacionado con el yacimiento metalúrgico La Oroya se abrió de nuevo, a instancias de la minera.
Nouvelles du Monde | 13-Feb-2020
L’entreprise brésilienne Odebrecht a demandé à rencontrer les représentants de l’État péruvien afin de parvenir à un accord mutuel comme “alternative” à la demande de 1,2 milliard de dollars.
Ciar Global | 11-Feb-2020
Odebrecht ofrece la suspensión del procedimiento de arbitraje si se garantiza el reinicio del proyecto Gasoducto Sur Peruano por otro inversionista privado, sin costos para el Estado.
Ciar Global | 6-Feb-2020
La compañía portuguesa Mota Engil reclama un total de 25 millones de dólares al estado paraguayo por el fallido contrato del proyecto Metrobús.
Reuters | 6-Feb-2020
Brazil construction company Odebrecht SA has taken Peru to arbitration over a failed $2 billion investment in a gas pipeline.
El Comercio | 6-Feb-2020
Odebrecht presentó la demanda de arbitraje contra el Perú ante el CIADI, por la cancelación del contrato del Gasoducto Sur Peruano.
Nouvelles du Monde | 6-Feb-2020
Odebrecht a déposé une plainte de 1,2 milliard de dollars contre le Pérou devant le tribunal arbitral de la Banque mondiale, pour l’annulation du contrat de concession pour le gazoduc sud-péruvien en 2017.
Reuters | 4-Feb-2020
The ride-hailing firm said its initial calculations suggest damages from suspending its service in Colombia will exceed $250 million.

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