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Argentina settles five outstanding investment treaty arbitration claims in historic break with its anti-enforcement stance
Argentina has agreed to settle five separate investment treaty arbitration claims at a cost of around USD 500 million, in an historic departure from the Latin American state’s refusal to comply with awards made by international investment treaty arbitration bodies.
Karkey serves Rs33b damage notice on Pakistan; Approaches ICSID against water and power ministry
The Turkish power firm Karkey Karadeniz Elektrik Uretim (KKEU) has approached the Washington based International Centre for Settlement of Investment Disputes (ICSID) against Pakistan’s water and power ministry and also served a Rs33billion damage notice on the ministry, sources said on Wednesday.
The EU and Azerbaijan: Mismatched objectives
Brussels wants to diversify its energy resources away from Russia. It is offering benefits such as free trade and visa liberalisation and is seeking comprehensive reforms across a range of areas as a precondition for closer ties. But Azerbaijan’s human-rights situation is on a rapid decline.
Argentine court revokes US$19 bln embargo on Chevron
Argentina’s Supreme Court revoked a US$19 billion embargo on the assets and future income of Chevron Corp.’s Argentina subsidiary, giving the US oil giant a victory in a decades-old battle with indigenous groups in Ecuador.
Chevron calls for strong investor rights chapter in US-EU trade deal
US energy giant Chevron is encouraging the United States to pursue a strong investment chapter and investor-state dispute settlement process in the proposed Transatlantic Trade and Investment Partnership with the European Union.
Despite lacking FTA, Japan to get US LNG
The United States said Friday it will allow exports of domestically produced liquefied natural gas to Japan and other countries to which it is not bound by free-trade agreements, authorizing a plan to deliver shale and other gases from Texas.
Iceland is first in Europe to sign free trade pact with China
Iceland became the first European country to sign a free trade agreement with China in a bid to sell its expertise in geothermal energy to the $7.3 trillion Asian economy.
How NAFTA, FIPA and other investment deals put democracy and the environment at risk
A US-funded energy firm, Lone Pine Resources, is using investor rights provisions in the North American Free Trade Agreement (NAFTA) to challenge Quebec’s 2011 moratorium on hydraulic fracturing for natural gas.
TPP entry could pave way for US LNG deal
Japan’s bid to join the Trans-Pacific Partnership trade negotiations may make it easier for it to import liquefied natural gas from the United States, a prospect that is raising the hackles of environmental groups.
Red Electrica seeks arbitration over Bolivia nationalisation
Spanish power grid operator Red Electrica said on Tuesday it had begun to seek World Bank arbitration over Bolivia’s expropriation of its transmission business TDE.
ICSID: Ecuador Unlawfully Seized U.S. Firm’s Oil Investments
The World Bank’s International Center for the Settlement of Investment Disputes has handed down a ruling against the Ecuadorian government, finding that it “unlawfully expropriated” U.S. firm Burlington Resources’ investments in two oil blocks.
Canada EPA could boost energy supply
The government aims to secure a stable supply of resources such as natural gas and oil by entering negotiations Monday with Canada to conclude an economic partnership agreement. Whether Japan can overcome differences of opinion with Canada over liberalization of agricultural products will be a test for the government in promoting other trade negotiations, including those for the Trans-Pacific Partnership multilateral trade talks.
Gas imports: India wants US to consider free trade pact
To enable import of gas from the US, India has asked the US Government to consider a free trade agreement (FTA).
US firm to launch NAFTA challenge to Quebec fracking ban
A US-incorporated energy firm, Lone Pine Resources Inc., is taking on Quebec’s stand against fracking, saying it violates the North American free-trade agreement and demanding more than $250-million in compensation.
Harper, Merkel aren’t playing tit-for-tat on free trade deal, IMF bailout
Angela Merkel gave Stephen Harper what he wanted — strong public support for a Canada-European Union trade deal — but not before she gently but firmly noted "problems" with high carbon emissions from Alberta’s oilsands.
Canadian human rights report on Colombia a ’sick joke’
The Canadian government’s human rights report tabled in Parliament Tuesday regarding implementation of the Canada-Colombia Free Trade Agreement might as well have been a comic strip of three monkeys: "see no evil, hear no evil, speak no evil."
Oilsands not a sticking point in EU trade talks
Canada’s oilsands aren’t a sticking point in trade talks with the European Union, Denmark’s trade minister said today in Ottawa.
Case note: How Chevron v. Ecuador is pushing the boundaries of arbitral authority
The arbitral tribunal in Chevron v. Ecuador has taken a series of steps in recent months suggesting that it has a broad view of its authority.
Pakistan, GCC negotiating Free Trade Agreement: Dr Asim
Special Assistant to the Prime Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday said that the Pakistan-Qatar Joint Ministerial Commission (JMC) would provide an excellent opportunity to enhance economic and trade relations between the two countries.
Sustainable Energy Trade Agreements: A fresh, “green” twist on free trade
The International Centre for Trade and Sustainable Development (ICTSD) is advocating the enactment of Sustainable Energy Trade Agreements to speed up the development and adoption of renewable energy and clean technology globally.