The Russian state will go on trial for failing to pay $60bn (£49bn) to former shareholders of defunct oil behemoth Yukos, after a British judge blocked the country’s bid for immunity.
Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.
The investor-state dispute settlement is a system that empowers foreign investors to sue a sovereign government. It was instituted in the 1960s against the votes of most Latin American countries — and continues to wreak havoc today.
The Paris Appeal Court has found in favour of Air Canada in its long-standing dispute with Venezuela over the payment of about USD21 million in compensation for airline ticket revenues withheld by the South American country.
First Quantum notified the government of its intent to initiate arbitration under the Canada-Panama Free Trade Agreement in 2022, during the contract’s negotiation process.
On 21 August 2023, ASEAN, Australia, and New Zealand brought several amendments, improvements and additions to their longstanding free trade agreement known as AANZFTA
The Investor-State Dispute Settlement regime to date has generated $47 billion in pending corporate demands for taxpayer compensation in claims against the 12 APEP nations’ climate, health, and other public-interest policies.
Canadian gold explorer Winshear Gold (TSXV : WINS) has ended a longstanding dispute with the Tanzanian government in regards to the company’s licences for the SMP project.
This article aims to explore the issue of double hatting in the field of arbitration in the context of recent developments in the field of international arbitration and the critique against it.