Investor-state dispute settlement (ISDS) courts are a legal mechanism that allow corporations to sue governments for decisions which they claim impact their profits — including environmental protections.
Spanish telecoms company Telefonica said that the World Bank’s International Centre for Settlement of Investment Disputes had ordered the Colombian government to pay it $380 million as part of an arbitration process.
Large-scale mining projects highlight complex tensions between states, foreign investors, and local communities, leading to environmental and social risks for communities.
The government of Kenya has officially terminated its bilateral investment treaty (BIT) with the Netherlands, marking a significant win for economic justice and environmental protection.
GreenX Metals Ltd announced that Poland has filed a request to set aside an arbitration award related to a successful claim by GreenX under the Australia-Poland bilateral investment treaty.
The urgent need to address climate change is hindered by legal barriers within international investment law, particularly through Investor-State Dispute Settlement (ISDS) mechanisms.