Ahead of the 23rd round of negotiations for the Regional Comprehensive Economic Partnership there has been growing concern over its investment chapters that will let foreign investors’ benefits overrride public interests.
US-based hedge fund Elliott Associates has officially filed for an investor-state dispute settlement against the South Korean government seeking $770 million in compensation for the merger between two Samsung Group affiliates.
South Korea is seeking to cancel a recent investor-state dispute settlement decision by an international tribunal in which the government was asked to compensate US$65 million to an Iranian company.
New York-based hedge fund Mason Capital Management has filed a legal claim seeking at least $175 million from the South Korean government as compensation for damages it says it sustained from a 2015 merger of two Samsung Group affiliates.
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
Malaysia should review bilateral investment treaties to see if it is fair to remain in these trade agreements as some contain clauses that are seen to be biased to investors, said Third World Network adviser Martin Khor.
The minister of culture says that the government has proposed the delay of the inclusion of Rosia Montana in the UNESCO World Heritage list until there is a final ruling in the case opened by Gabriel Resources against Romania.