The claimants submit that the Russian Federation breached its obligations under the Ukraine-Russia BIT by taking measures that deprived the claimants of their property.
International corporations that want to intimidate countries have access to a private legal system designed just for them. And to unlock its power, sometimes all it takes is a threat.
Activists of various NGOs have urged Asean governments to eliminate investor-state dispute settlement (ISDS) from the Regional Comprehensive Economic Partnership (RCEP) draft.
Third party funding is at the cusp of changing the landscape of international dispute resolution. Third party funding is when a neutral party finances an on-going proceedings for potential profit in return.
An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion for expropriating its gold mines.
Developing countries, including India, should build capacity instead of playing the victim as the structure of international arbitration was heavily biased towards the developed countries, a top Finance Ministry official said.