US investors Honduras Próspera Inc. and its affiliates filed claims with the International Centre for Settlement of Investment Disputes against the State of Honduras.
The claims have been brought forward under the Energy Charter Treaty, an international convention which allows companies to sue signatory countries over decisions that affect their energy investments.
Australian business figure Clive Palmer is suing the Australian government for almost A$300 billion in an international tribunal, having lost a case against the Western Australian government he took all the way to the High Court.
On 13th September 2022, the EU Parliament voted to approve a resolution proposing a directive on the regulation of third-party funding entitled “Responsible private funding of litigation”.
Clive Palmer’s Singapore-based company Zeph Investments is suing Australia for $296bn, enlisting the help of former attorney general Christian Porter in a landmark case arguing a breach of the Asean free trade deal.
The President of Venezuela signed with the Minister of Commerce, Industry and Tourism of Colombia an agreement for the promotion and protection of investments between both nations.