investor-state disputes | ISDS

Investor-state dispute settlement (ISDS) refers to a way of handling conflicts under international investment agreements whereby companies from one party are allowed to sue the government of another party. This means they can file a complaint and seek compensation for damages. Many BITs and investment chapters of FTAs allow for this if the investor’s expectation of a profit has been negatively affected by some action that the host government took, such as changing a policy. The dispute is normally handled not in a public court but through a private abritration panel. The usual venues where these proceedings take place are the International Centre for Settlement of Investment Disputes (World Bank), the International Chamber of Commerce, the United Nations Commission on International Trade Law or the International Court of Justice. ISDS is a hot topic right now because it is being challenged very strongly by concerned citizens in the context of the EU-US TTIP negotiations, the TransPacific Partnership talks and the CETA deal between Canada and the EU.

  • 29-Jun-2015 PTI
    India rejects Cairn’s arbitration on tax dispute

    The government of India has rejected Cairn Energy UK’s plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.

  • 29-Jun-2015 Le Devoir
    Libre-échange Canada-Union européenne : La France ne signera pas sans modifications

    Pour le secrétaire d’État au Commerce extérieur, Matthias Fekl, qui exprime la position officielle de la France, c’est non seulement une question de principe mais une réalité aujourd’hui incontournable.

  • 29-Jun-2015 International Institute for Sustainable Development
    ISDS: Who wins more, investors or states?

    Despite the oft-heard refrain that “states ‘win’ ISDS disputes more often than they lose,” it is the investors that have actually won most of the time: 72 per cent of the decisions on jurisdiction, and 60 per cent of cases decided on the merits.

  • 26-Jun-2015 La Marea
    Tribunales de arbitraje: el TTIP y la privatización de la justicia

    En la América Latina de ochenta y noventa, mecanismos similares dieron lugar a decenas de demandas de las multinacionales contra Estados que querían modificar condiciones de los contratos.

  • 26-Jun-2015 Lexology
    China-Australia FTA - the devil in the detail

    While the legal text of the China-Australia FTA (ChAFTA) was signed last week, the investment legal framework will be reviewed within the next three years with a view to commencing negotiations for a comprehensive Investment Chapter to be included in ChAFTA.

  • 25-Jun-2015 TeleSur
    Analysis: OceanaGold vs El Salvador: Foreshadowing ’trade’ under the TPP?

    The Central American country of El Salvador could be forced to pay US$301 million to Canadian-Australian mining multinational OceanaGold as the two face off in a World Bank investor-state tribunal with proven tendency to favor corporate interests over arguments for protecting national sovereignty, the environment, and human rights.

  • 23-Jun-2015 Economic Voice
    TUC General Secretary calls time on ‘zombie trade deals’

    TUC General Secretary, Frances O’Grady, will call time on ‘zombie trade deals’, when she addresses the European Commission Trade Policy Day in Brussels today (Tuesday).

  • 19-Jun-2015 Canberra Times
    Half-baked China-Australia Free Trade Agreement is lopsided

    Remarkably, the Australian government has given Chinese companies a general right to buy resources and other assets in Australia – so-called market access – without getting the same right for Australian companies in China.

  • 19-Jun-2015 Lexology
    Future of ISDS in TTIP and beyond. Is now the time for reform?

    A consensus is clearly forming around changes and adjustments needed to reform ISDS, but the main stakeholders – businesses and governments – have yet to make a clear stand, argue Adrian-Catalin Bulboaca and Marius Iliescu

  • 18-Jun-2015 ConsoGlobe
    TAFTA : la mobilisation citoyenne fait avancer le dossier

    Suite à la décision du président du Parlement Européen le 10 juin de reporter le vote consultatif des eurodéputés sur le sujet, il faut se rendre à l’évidence : c’est la mobilisation citoyenne qui fait actuellement avancer le dossier.

  • 17-Jun-2015 Página 12
    TTIP - La Constitución de las corporaciones

    Se llama ISDS. Es la cláusula crucial, el corazón del tratado de libre comercio entre Estados Unidos y la Unión Europea, el ITTP (Tratado Transatlántico de Comercio e Inversión), que puso al rojo vivo al Parlamento Europeo esta semana.

  • 17-Jun-2015 Greece Today
    SYRIZA says Europarliament must reject TTIP

    According to SYRIZA, ISDS undermined economic democracy by treating the rights of peoples and their elected representatives as equal to the rights of an economic oligarchy, essentially amounting to an exemption for large multinationals from democratic controls and continuing a conversion of western democracies to states where elections cannot bring about changes to economic policy.

  • 10-Jun-2015 AFP
    Le Parlement européen se déchire sur l’accord de libre-échange avec les Etats-Unis

    Le Parlement européen a fini par reporter mercredi son vote sur l’accord de libre-échange en tractation avec les États-Unis, après s’être divisé sur la feuille de route à adresser aux négociateurs concernant les très controversés tribunaux d’arbitrage.

  • 10-Jun-2015 The Guardian
    The obscure legal system that lets corporations sue countries

    Fifty years ago, an international legal system was created to protect the rights of foreign investors. Today, as companies win billions in damages, insiders say it has got dangerously out of control

  • 9-Jun-2015
    Canada’s new trade deals good for Canadian corporations, bad for African democracy

    What do we call it when Ottawa signs a deal with an unelected regime that would prevent any future elected government in a small African nation from changing its laws regulating Canadian-owned mines for almost two decades?

  • 9-Jun-2015 Economic Times
    How developing countries like India are petrified of being dragged into international arbitration

    India is caught in a pincer at this moment in time as it is faced with the twin need of FDIs to propel and sustain growth and also the need to fi rewall its sovereign rights to formulate policies without extraneous pressures from its trade partners and the corporate world.

  • 9-Jun-2015 EurActiv
    Lying to get ISDS through the European Parliament

    BusinessEurope, and especially its Director General, should be factual and truthful when lobbying the European Parliament on ISDS and TTIP, argue Bart Staes and Molly Scott Cato.

  • 8-Jun-2015 Ecologistas en Acción
    TTIP: No con su voto

    El 10 de junio el Parlamento Europeo votará una resolución sobre las negociaciones del TTIP. Miembros de la Campaña #NOalTTIP se reúnen hoy con eurodiputados socialistas para pedirles que no desprotejan a la ciudadanía europea.

  • 5-Jun-2015 EurActiv
    American and German unions reject ISDS

    Union leaders on both sides of the Atlantic have called for TTIP negotiators to drop extra-legal arbitration systems from any future trade deal. They believe existing judicial systems offer adequate protection to investors. EurActiv France reports.

  • 5-Jun-2015 EurActiv
    Les syndicats américain et allemand refusent aussi l’arbitrage au sein du TTIP

    Les leaders des organisations syndicales allemandes et américaines appellent à refuser tout système d’arbitrage au sein du futur traité transatlantique. Ils estiment que la justice offre une protection suffisante aux investisseurs.

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