investor-state disputes | ISDS
31-Mar-2015 BBC Resistance is mounting against the booming and lucrative business of multinational companies suing governments.
The Islamic Republic of Iran has won its first ever investor-state arbitration in a decision against Turkish mobile phone company, Turkcell.
This case illustrates the risk that a Member State can be successfully sued by a company within ISDS for merely bringing its legislation or policies in line with EU legislation.
28-Oct-2014 EU Trade Insights
As the debate in Europe over investors’ rights to sue States is growing, Singapore has been asking the European Commission to agree to a decoupling of the bilateral trade agreement as the country is concerned the investment protection part of the deal could hold up the entire pact.
TTIP/TAFTA – Quand un groupe suédois d’énergie réclame 4,7 milliards d’€ à l’Allemagne pour l’abandon du nucléaire
Le ministre de l’économie allemand Sigmar Gabriel a rendu public le mercredi 15 octobre le montant réclamé par Vattenfall, à savoir 4,7 milliards d’€. Rien à voir avec les quelques millions d’€ mentionnés un mois avant par son secrétaire d’Etat.
23-Oct-2014 European Voice
As Juncker gives reassurances to the European Parliament over free trade with the US, 14 member states are urging him to stick to the script.
Le futur chef de la Commission européenne, Jean-Claude Juncker, a ouvert la porte à une exclusion des tribunaux d’arbitrage de l’accord de libre-échange en cours de négociations avec les Etats-Unis, dans son discours d’investiture mercredi 22 octobre devant le Parlement européen.
The United States has floated excluding tobacco products from a key section of a 12-nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia.
22-Oct-2014 Central Telegraph
Uruguay files its defence against Philip Morris, a test case for big business lawsuits that could hit the EU through the transatlantic trade and investment deal with the US.
21-Oct-2014 The Conversation
The US is again driving the TPP agenda on behalf of its major export industries, but the TPP proposals are more extreme than the Australia-US FTA, writes Pat Ranald.
The European Trade Commissioner Karel De Gucht has warned that there will be no free trade agreement between the EU and US without the controversial investor-state dispute settlement (ISDS) clause.
16-Oct-2014 Wall Street Journal
Tobacco producers Indonesia, Cuba, Dominican Republic, Honduras and Ukraine are challenging Australia’s plain-packaging laws at the World Trade Organization, bolstering support for Philip Morris’ private dispute against Canberra.
16-Oct-2014 EU Trade Insights
The European Union and Singapore have finally concluded negotiations over a bilateral investment agreement, EU Trade Commissioner Karel De Gucht has told EU Trade Insights in an exclusive interview.
According to recent reports, US trade negotiators for the Trans Pacific Partnership trade deal are floating a proposal to prevent tobacco companies from using corporate courts to sue national governments over anti-smoking regulations.
ConocoPhillips announced Friday that it has filed for arbitration under the rules of the International Chamber of Commerce or ICC against Petroleos de Venezuela or PDVSA, the Venezuela state oil company, for contractual compensation related to the Petrozuata and Hamaca heavy crude oil projects.
US trade officials have denied they plan to offer a new tobacco proposal in the Trans-Pacific Partnership talks in Australia later this month.
11-Oct-2014 Globe and Mail
Climate change is already causing about $600-billion in damages annually, gobally. Oil and gas companies could soon find themselves on the hook for at least part of the damage.
Governments are souring on treaties to protect foreign investors
A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country.
Canada is bracing for a dispute with Germany over whether its newly-agreed free trade pact with the European Union should be re-opened to erase arbitration clauses.
7-Oct-2014 Global Research
The real threats to ‘freedom’, ‘democracy’, ‘decency’ and ‘fairness’ do not lie in Syria or Iraq. The destruction of national sovereignty, democracy, freedom, decency, quality of life and livelihoods is being carried out by corporate vultures under the guise of the secular theology of neoliberalism, not least in practice via free trade and investor rights agreements.