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After intra-EU BITs and the ECT, the EU needs to abandon extra-EU BITs—for legal, energy and climate policy, and political economy reasons
CCSI | 14-Oct-2024
EU members should terminate extra-EU BITs. To facilitate the process, the EU could spearhead an instrument similar to the plurilateral agreement to terminate intra-EU BITs or based on the draft treaty language on termination proposed to UNCITRAL.
keywords: climate , energy , EU , investment | BITs , investor-state disputes | ISDS
French court clears Cyprus on FBME case
ekathimerini.com | 14-Oct-2024
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon.
keywords: Cyprus , finance | banking | taxes , investor-state disputes | ISDS
Mayaniquel reclama US$100 millones al Estado de Guatemala en el inicio del proceso para arbitraje
Prensa Libre | 14-Oct-2024
El Ministerio de Economía recibió la solicitud de consultas e intención de arbitraje y ya corre el plazo de los seis meses para llegar a una conciliación.
keywords: Guatemala , investor-state disputes | ISDS , mining , Switzerland
ExxonMobil sues the Netherlands over gas field closure
SOMO | 11-Oct-2024
The multinational disagrees with the decision that gas production in the Dutch province of Groningen will be shut down early.
keywords: ECT , energy , environment , investor-state disputes | ISDS , Netherlands
ExxonMobil poursuit le gouvernement néerlandais pour la fermeture d’un champ gazier
Observatoire de l’Europe | 11-Oct-2024
Le géant pétrolier américain ExxonMobil a invoqué le controversé traité sur la Charte de l’énergie dans une éventuelle demande d’indemnisation de plusieurs milliards d’euros.
keywords: ECT , energy , environment , investor-state disputes | ISDS , Netherlands
Breaking free: Strategies for governments on terminating investment treaties and removing ISDS provisions
CCSI | 9-Oct-2024
In this report, we present three practical approaches governments can consider in the near term to address their current stock of international investment agreements with ISDS.
keywords: investment | BITs , investor-state disputes | ISDS
Victoire judiciaire du Maroc contre Finetis au CIRDI
Le Nouvelliste | 9-Oct-2024
Après trois ans de procédures, le Maroc a triomphé face au groupe français Finetis, reconnu pour ses solutions et infrastructures dans le secteur des télécommunications.
keywords: France , investor-state disputes | ISDS , Morocco , telecommunications
Australian mining firm trumps Poland in arbitration
iclg | 9-Oct-2024
Invoking the Australia-Poland bilateral investment treaty, together with the Energy Charter Treaty, Green X has been awarded hundreds of millions of dollars over a thwarted mining project.
keywords: Australia , ECT , investor-state disputes | ISDS , mining , Poland
Scrap the UK-Colombia investment treaty: how corporate courts let UK companies undermine human rights and the environment
Global Justice Now | 9-Oct-2024
In October 2024, the Colombia-UK Bilateral Investment Treaty reaches the end of its initial ten-year term. The UK and Colombian governments now have the opportunity to work together to terminate the treaty.
keywords: Colombia , investment | BITs , investor-state disputes | ISDS , UK
The surge in ISDS damages paid to global corporations, mostly by poor countries
AFTINET | 8-Oct-2024
A UNCTAD note has highlighted the significant growth in damages in Investor-State Dispute Settlement. The average award size grew tenfold in the past three decades.
keywords: investor-state disputes | ISDS