investor-state disputes | ISDS

Investor-state dispute settlement (ISDS) refers to a way of handling conflicts under international investment agreements whereby companies from one party are allowed to sue the government of another party. This means they can file a complaint and seek compensation for damages. Many BITs and investment chapters of FTAs allow for this if the investor’s expectation of a profit has been negatively affected by some action that the host government took, such as changing a policy. The dispute is normally handled not in a public court but through a private abritration panel. The usual venues where these proceedings take place are the International Centre for Settlement of Investment Disputes (World Bank), the International Chamber of Commerce, the United Nations Commission on International Trade Law or the International Court of Justice.

ISDS is a hot topic right now because it is being challenged very strongly by concerned citizens in the context of the EU-US TTIP negotiations, the TransPacific Partnership talks and the CETA deal between Canada and the EU.

AKIpress | 14-May-2021
The government of Turkmenistan has won $500 million claim brought before the International Centre for Settlement of Investment Disputes by a Turkish construction company.
Ecofin | 14-May-2021
C’est la fin d’une bataille judiciaire qui dure depuis près de deux ans à propos de la mine de fer Marampa.
Nairametrics | 12-May-2021
The inaugural meeting of the dispute settlement body of the AfCFTA signals the readiness of this infrastructure to take up any disputes that may arise in the course of trading amongst the member States.
Reuters | 12-May-2021
US commodity trader Gerald Group will pay Sierra Leone $20 million and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production.
El Economista | 10-May-2021
El CIADI negó la razón a América Móvil en un pleito contra Colombia por una polémica reversión de espectro y radiobases que data de hace 25 años y que ya costó 521 millones de dólares a esa compañía.
Lakroan’i Madagasikara | 10-May-2021
Les remous politiques et économiques du coup d’Etat de 2009 ne sont pas terminés. La preuve cette sanction prononcée par le tribunal arbitral de la Banque mondiale après 12 années de bataille juridique.
Le Monde | 10-May-2021
L’Union européenne et l’Inde ont convenus de relancer des négociations sur le commerce, la protection des investissements et les indications géographiques.
Reuters | 10-May-2021
America Movil said the World Bank’s ICSID tribunal has ruled against the company in its dispute with Colombia and ordered it to pay $2.2 million to cover the costs of the case.
Nikkei Asia | 10-May-2021
The European Union and India agreed to resume stalled free-trade negotiations and seek closer cooperation to combat climate change at a virtual summit on Saturday.
CIAR Global | 7-May-2021
En una carta dirigida a los secretarios de Estado, Economía, Energía y a la representante de Comercio de la Administración Biden, el American Petroleum Institute (API) ha reclamado el incumplimiento por parte de México de compromisos incluidos en los tratados internacionales, en detrimento de los intereses de las compañías estadounidenses del sector.

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