The dozens of cases that were initiated against Argentina as a result of the outburst of one of its worst economic and financial crises in late 2001 became an often-quoted sad illustration of many of these shortcomings of the ISDS system.
In the rush to oppose TTIP we mustn’t lose sight of the context in which the deal is being negotiated — the hundreds of bilateral treaties that give corporations the right to sue in secret ’trade courts’.
An international arbitral tribunal has just ordered Argentina to pay nearly 400 million Euro to Suez because in 2006, after years of conflict, Argentina renationalized the water services in Buenos Aires.
Un tribunal arbitral international vient de condamner l’Argentine à verser près de 400 millions d’euros à Suez environnement, pour avoir renationalisé le service de l’eau de Buenos Aires en 2006, après des années de conflits.
The Supreme Court on Monday shunned the republic’s latest appeal in a decade-long battle with BG Group plc, a British energy company that won a $185 million arbitration ruling against Argentina under a bilateral investment treaty.
Given the substantial problems with the current ICSID framework and the large number of cases currently pending against Argentina, denouncing the SID Convention and leaving the ICSID is the best course for the country.
Argentina has agreed to settle five separate investment treaty arbitration claims at a cost of around USD 500 million, in an historic departure from the Latin American state’s refusal to comply with awards made by international investment treaty arbitration bodies.
ATTAC Argentina declare that we reject the offer made by the Argentine government to pay 500 million dollars to five transnational corporations that sued our country before the International Centre for the Settlement of Investment Disputes (ICSID).
Des dispositions de responsabilité sociétale des entreprises ne transforment aucunement les devoirs sociétaux ou éthiques des entreprises en obligations juridiques opposables dans le cadre d’une procédure contentieuse mais pourraient permettre de moraliser sans doute davantage le recours à l’arbitrage sur le fondement des traités.
Corporate social responsibility provisions do not change the corporate or ethical duties of companies into enforceable legal obligations in the context of dispute settlement proceedings but they could help significantly moralize the use of treaty-based arbitration.
The federal cabinet is expected to approve supplementary grant of $ 1.37 million on to contest cases filed by M/s Karkey in courts of different countries as Pakistan’s assets abroad are facing "attachment" threat.
El Grupo de Trabajo III de la CNUDMI se reunió en Viena desde el 29 de octubre hasta el 2 de noviembre de 2018, y decidió que es conveniente realizar una reforma multilateral para abordar varias inquietudes en torno a la ISDS.