bilaterals.org logo
bilaterals.org logo

finance | banking | taxes


Financial services: the challenge of data flows
U.S. Treasury Secretary Jack Lew announced a proposal to resolve the data localization issue in financial institutions in future trade agreements.
U.S. financial services text to debut at TiSA round
At the 19th round of Trade in Services talks, U.S. negotiators are expected to introduce language aimed at easing industry concerns over the cross-border transfer of financial services data.
Total files arbitration against Algeria on oil tax change
French oil major Total has filed a request for arbitration against Algeria for changing profit-sharing terms on oil and gas contracts in the mid-2000s
Iskandar Safa submits claim against the Hellenic Republic with ICSID
Iskandar Safa, co-owner of the Privinvest Group, a global player in the shipbuilding industry, which took control of Hellenic Shipyards SA, submitted a request for arbitration against the Hellenic Republic at the World Bank’s ICSID.
Emails show TPP ’collusion’ between big banks & Obama administration
Emails obtained through Freedom of Information Act (FOIA) show U.S. Trade Rep. Michael Froman discussing TPP with Goldman Sachs lobbyists
TiSA - draft annexes (2015)
As leaked by Wikileaks on 25 May 2016
Financial fissures weaken ASEAN community
The economic gap between high flyers like Thailand, Singapore, Malaysia and Indonesia and laggards like Laos and Myanmar is too wide to be easily bridged.
Lao Holdings N.V. files three legal actions against Lao Gov’t
Locally established company seeks damages for holding company in impending Lao casino resort sale.
S. Korean gov’t and Hanocal embark on investor-state dispute procedures
The Dutch company Hanocal sought international arbitration to demand more than 240 billion won ($205 million) in compensation for what it claimed as extra taxes it had paid to the South Korean government.
Lawmakers pushing financial regs in TTIP
Fifteen House members emphasized to President Barack Obama that they want to see TTIP cover financial services regulations.
Why the Panama Papers should be a US election issue
"Panama is a world leader when it comes to allowing large corporations to evade US taxes. And the Panama free trade agreement would make this bad situation much worse," Sanders warned in 2011.
ASEAN cautiously speeds steps toward financial integration
ASEAN finance officials have adopted a new timeline for integrating financial services across the regional bloc, aiming to tear down market barriers more quickly.
Dette : l’Argentine prête à verser 50 millions à BNP Paribas
Dans le sillage des accords avec les fonds « vautours », Buenos Aires accepte de verser 52 millions de dollars à BNP Paribas.
Latest round of TTIP talks boost momentum
Progress was made in the latest round of TTIP talks, but negotiators have a long way to go if the deal is to be signed before Barack Obama leaves office.
RCEP threatens tax policies in India and other 15 countries
New report shows that trade and investment deals like RCEP will further adversely affect the ability of the government of India to tax corporations effectively and fairly.
US-EU trade will undermine ’tax justice,’ says report
The secretive TTIP could make it easier than ever for big business to sue governments, according to new research.
Argentina agrees to pay Italian bond holders including “a reasonable interest”
Argentina announced that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. The Italian bondholders had sought about $2.5 billion at the ICSID.
TTIP, tax havens contribute to extreme global inequality
TTIP perpetuate inequality because of their secrecy and preference for the interests of the wealthy over financial regulations and labor rights.
Government’s taxation decision can’t be contested under Bilateral Investment Treaty
The new Bilateral Investment Treaty will ensure that no decision taken by the government with regard to taxation matters is dragged into arbitration.
The gathering financial storm is just one effect of corporate power unbound
What have governments learned from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word: nothing.