Developing countries’ negotiators and experts discussed the way forward during the 12th Annual Forum of Developing Country Investment Negotiators held in Cartagena, Colombia on 27 February-1 March 2019.
UK investors could seek to move their investments to jurisdiction such as Singapore and Hong Kong where they can take advantage of investment treaty protection, if a potential new Labour govenment were to nationalise public services.
Cairn Energy said it expects the long-running arbitration process against the Indian authorities over retrospective taxation to be concluded before late 2019.
The treaty is also a direct opposite of the Investor State Dispute Settlement mechanisms adopted in trade deals, as they expand the powers of transnational corporations.
Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the country’s late socialist leader Hugo Chavez, the World Bank ruled.
Le Venezuela doit rembourser quelque 8,7 milliards de dollars au géant pétrolier américain ConocoPhillips en guise de compensation pour son expropriation en juin 2007, a jugé un panel d’arbitrage de la Banque mondiale.
The broad language in investment agreements has allowed investor-state dispute settlement tribunals to scrutinize tax measures adopted by States, and determine that such measures resulted in a breach of State’s obligations under the agreement.