The International Center for Settlement of Investment Disputes in Washington DC has vacated or voided its ruling made on Aug. 16, 2007, finding no cause in the complaint of Fraport, a German company, that the Philippine government violated a bilateral treaty with Germany when it voided Fraport’s contract to build and operate Terminal 3 of the Ninoy Aquino International Airport.
The Ecuadorian government hailed a decision by an International Center for Settlement of Investment Disputes arbitration panel, which said it lacked jurisdiction over a lawsuit brought against Quito by US-based Murphy Oil Corporation.
With the upcoming meeting of the Committee on Internal Trade (CIT) ministers in Saskatoon on December 3, a wide cross-section of Canadian civil society groups are urging governments to deny corporations the right to sue the provinces and territories under the Agreement on Internal Trade (AIT) as requested by a coalition of business groups this week.
Uruguay’s Supreme Court on Friday dismissed a constitutional challenge brought by tobacco giant Philip Morris that disputes the tiny South American country’s anti-tobacco laws.
On October 15 Georgian law enforcers detained Israeli businessmen offering Deputy Minister of Finance, Avtandil Kharadze USD 7 million for him to convince the Georgian Government not to challenge a decision of the International Centre for Settlement of Investment Disputes (ICSID).
The US government has called for the creation of a dispute settlement panel under the North American Free Trade Agreement to rule on Mexico’s decision to pursue a complaint about US labelling rules for ‘dolphin safe’ tuna at the WTO rather than under NAFTA.
Gold Reserve’s claim alleges violations of three provisions of the Canada-Venezuela BIT culminating in the effective expropriation of Gold Reserve’s investments in the Brisas gold/copper project and the Choco 5 gold property.
Le groupe minier américano-canadien Gold Reserve Inc a annoncé mardi qu’il cherchait à obtenir plus de 1,9 milliard de dollars de compensations du Venezuela pour l’expropriation de ses mines dans ce pays.
Uruguayan officials announced plans Thursday to take further steps to toughen controls on tobacco despite a pending legal battle with global cigarette powerhouse Philip Morris International.
It came as a surprise to many this week that the federal government — and ultimately Canadian taxpayers — will make a payment of $130 million to Montrealbased AbitibiBowater Inc. to compensate for company assets expropriated by the Newfoundland government in that province.
Premier Danny Williams says the Newfoundland and Labrador government will not share the $130-million settlement the federal government made with AbitibiBowater.
A new online publication by the United Nations trade arm explores alternative methods that governments and international investors may use to resolve increasingly frequent disputes that must currently be handled through lengthy international arbitration.
Foreign Affairs Secretary Alberto Romulo advised President Aquino against deciding hastily on the case involving the Ninoy Aquino International Airport Terminal 3 (NAIA-3), warning the government could be at a disadvantage.
A legal analysis of the challenge launched by Philip Morris International found the company to be both unjustified and unreasonable in its opposition to Uruguay’s new tobacco packaging laws.
Public Citizen now have exclusive Google maps of the locations of corporations that would gain new rights to challenge public interest laws under the US-Korea FTA.
French media conglomerate Vivendi (VIV.FR) Tuesday said the International Centre for Settlement of Investment Disputes, or ICSID, reaffirmed its original ruling and financial award in favour of the company in a long-running dispute with Argentina.
In a decision with implications for the national sovereignty of member states under US trade pacts, a World Bank tribunal has approved a Canadian mining company’s controversial lawsuit against the government of El Salvador.
International Centre for Settlement of Investment Disputes is an autonomous international organisation, linked to the World Bank. It is the most ’referred to’ arbitration facility for disputes under bilateral trade and investment agreements, with its own set of rules and procedures.
International Institute for Sustainable Development carries out analysis and information work on regional and bilateral investment rules and their implications for sustainable development.
ITA serves as a resource for lawyers, academics, government officials, researchers and members of civil society who are interested in international investment law. It provides: access to all publicly available investment treaty awards; information and resources relating to investment treaties and investment treaty arbitration; and links to further resources.
United Nations Commission on International Trade Law is a body under the UN General Assembly mandated to unfiy international trade law. Disputes between investors and states under many FTAs and BITs are arbitrated, in private, according to UNCITRAL rules. UNCITRAL itself does not administer arbitrations.