The ICSID, the World Bank’s international arbitration tribunal, ordered Argentina to pay 136.1 million dollars plus interest to the companies, EDF International, Saur International and León Participaciones Argentinas for breach of contract.
Argentina announced that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. The Italian bondholders had sought about $2.5 billion at the ICSID.
The German Magistrates Association rejects the proposal of the European Commission to establish an investment court within the framework of the Transatlantic Trade and Investment Partnership.
Despite Canada’s 14 new free-trade deals, Canada posted record trade deficits and shrinking exports throughout 2015 as prices for tangible commodities fell.
Eligible Canadian investors with property confiscated by the government of Kazakhstan are now legally entitled to international arbitration under the Canada/USSR BIT.
The European Commission today published the negotiated text of the EU – Vietnam FTA. The investment and investor-to-state dispute settlement (ISDS) chapter is not conform the European Parliament 8 July 2015 resolution.
Pan-Arab TV Network Al-Jazeera is taking legal actions against Egypt over the closure of the Qatar-owned broadcast network and the harassments of its journalists has led to $150 million worth of losses.
An international arbitrator threw out claims from two investors protesting against Spain’s 2010 cuts to renewable energy subsidies, setting a potential precedent for other lawsuits pending.