The overreach on display in the aggressive use of ISDS lawsuits by multinational corporations is just one part of a broader trend in recent decades in which the ability of states to regulate their economies in their own interests.
Rusoro Mining reports that the French Supreme Court has overturned the decision of the Paris Court of Appeal, which had annulled part of the damages portion of the arbitral award previously rendered in favour of the company.
Oschadbank plans to immediately appeal against the judgment of the Paris Court of Appeal, which rejected the award in the case against Russia over compensation for losses caused by the occupation of Crimea.
The principles governing compensation are too important to be left to arbitrators. Hundreds of millions—or even billions—of dollars are often at stake.
The International Center for Settlement of Investment Disputes (ICSID) in Washington will start hearing a lawsuit filed by French energy group Veolia against the Lithuanian state.
Pakistan has reportedly decided to scrap most of its existing Bilateral Investment Treaties as these pacts are shrinking the government’s policy space with respect to adopting measures of public interest.
Kenya is set to receive Ksh300 billion after it won a case against Cortec Mining Kenya Ltd, associated with slain businessman Jacob Juma and Stirling Limited for revoking the mining license of niobium and rare earth minerals.
The company has appointed a leading international law firm to advise the company of its legal options, and in particular, the Australian Bilateral Investment Treaty.