HSBC Holdings said the banking group has initiated legal proceedings against El Salvador for what the company called a breach of the nation’s investment treaty with the UK.
An improbable victory in El Salvador offers lessons for grassroots activists worldwide.
South Korea said its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
In August 2018, El Salvador followed the Dominican Republic and Panama in switching diplomatic allegiance from Taiwan to China. But in March 2019, president-elect, cast doubt over whether his government would maintain that status.
El Salvador’s highest court temporarily suspended the cancellation of a free trade pact with Taiwan.
Now that the Trump administration has revamped the North American Free Trade Agreement, it is taking a look at kicking key countries out of its sister pact, the Central American Free Trade Agreement.
The officials will likely discuss the impact that the trade agreement could have on their economic and business relations.
El Salvador froze bank accounts and assets belonging to OceanaGold Corp after the mining company refused to pay the country $8 million as mandated by an international court.
South Korea and a group of Central American countries have tentatively signed a free trade agreement.
Over 280 organizations from around the world sent an open letter to Canadian-Australian mining giant OceanaGold demanding that the company adhere to an earlier ruling that ordered the company to pay the government of El Salvador US$8 million
The ICSID decided in favour of El Salvador in a case brought by the US mining company Pacific Rim Cayman regarding a dispute over the granting of a mining licence.
In a tale of people power over corporate power, a tribunal has ruled against a global company in a case over mining rights. Now we need to block trade deals that allow these “investor-state” lawsuits.
Coalition of groups state “there are no winners," investor-state arbitration subverts democracy.
A parallel legal universe, open only to corporations and largely invisible to everyone else, helps executives convicted of crimes escape punishment.
Water for Gold tells the alarming story of how international trade law is leading us to trade our most basic rights to clean, safe water for access to gold.
Today’s migrations, as macro international displacements of hundreds of thousands of people with or without documents — in many cases in precarious conditions of transit — have been and are one of the social processes that characterize what is happening in different latitudes of the earth since in the new century, in the global context of neoliberal economic restructuring directed by transnational enterprises and the capitalist countries of the first world.
This briefing finds significant ICSID bias in favour of corporations and commercial interests by analysing ICSID overall and by looking at a specific case brought by a global mining corporation against El Salvador.
El Salvador is defending itself against a US$301m lawsuit filed after it blocked a mining project to protect the country’s heavy-polluted water supply. The imminent verdict will set a precedent amid a growing trend of companies suing governments when they can’t exploit their natural resources.
Over 90 percent of El Salvador’s surface water is contaminated with industrial chemicals, making it unsuitable to drink even if the water is boiled, chlorinated or filtered beforehand. A new action plan for passing a nationwide ban has begun to unfold, as Salvadorans await the outcome of the Pacific Rime ICSID case.
Luis Parada, a lawyer with the law firm Foley Hoag, is optimistic that the company, Pacific Rim, will not prevail in the proceedings.