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Montero agrees to US$27 million settlement from Tanzania
21-Nov-2024 Montero Mining
Montero has agreed to a US$27,000,000 settlement amount to end its dispute with the United Republic of Tanzania
Emmerson enters formal investment dispute with Moroccan government
7-Nov-2024 Morning Star
Emmerson PLC on Friday said it has entered into a formal investment dispute with the Moroccan government, with the intention to escalate to arbitration if discussions are unsuccessful.
Second instalment of US$25 million received from Tanzania
29-Oct-2024 Indiana Resources
Indiana Resources Limited (ASX: IDA) is pleased to confirm that US$25million in funds have been received by the Claimants’ legal representatives from the United Republic of Tanzania as the second instalment of the US$90 million Settlement
Sarama Resources secures funding for Burkina Faso arbitration claim
26-Oct-2024 Stock Titan
Sarama Resources has secured a US$4.4 million non-recourse loan facility from Locke Capital II to fund international arbitration proceedings against the Government of Burkina Faso
Update on arbitrations against the Republic of Tunisia
4-Oct-2024 Euronext
The investors have determined a revised amount of US$503 million as the total claimed amount of the ICSID Arbitration
‘Mafia investments against Honduras’. New report exposes corporate demands after coup d’état
3-Oct-2024 bilaterals.org
A new report, ’Mafia investments against Honduras’, examines the worrying situation in which the Central American country finds itself in the face of claims brought by transnational corporations before international arbitration tribunals.
Tanzania faces $500 Million investment dispute from Aqua Power
30-Sep-2024 Media Wire Express
In its claim, Aqua Power is demanding $500 million for lost business revenue over the past four years and for the value of its current projects within Tanzania.
SAMIR case: Morocco, Corral Holdings file for rectification of ICSID ruling
9-Sep-2024 Morocco World News
The SAMIR affair, dating back to the refinery’s 2015 closure, has seen Morocco and Corral Holdings locked in a bitter dispute before the ICSID tribunal.
Tanzania agrees to pay Indiana Resources Sh. 237 Billion over ICSID disputes
29-Jul-2024 The Chanzo
Tanzania and an Australian-based company Indiana Resources Limited have settled for USD 90 million.
US company battles Nicaragua in arbitration tribunal
8-Jul-2024 Havana Times
The US company is appealing under CAFTA (Central American Free Trade Agreement) for the invasion of its property in Jinotega and the destruction of its avocado and other orchards.
As Honduras leaves World Bank dispute forum, US tries to keep influence
26-Apr-2024 El Faro
Honduras’ withdrawal from the World Bank investor dispute forum could have a limited practical effect, but it is already read along ideological lines.
Between sovereignty and corporate interests: what is at stake in the Ecuadorian referendum?
21-Apr-2024 Bilaterals.org
On 21 April 2024, the government of Daniel Noboa is holding a referendum in Ecuador to amend the country’s constitution and, in particular, to reactivate the dangerous investor-state dispute settlement mechanism.
The lucrative world of international arbitration
4-Apr-2024 Le Monde Diplomatique
International investment agreements enable corporations to sue foreign governments for loss of profits. The sums they demand can be so huge that even the threat of a claim is enough to make governments cave in.
Honduras ratchets up battle with crypto-libertarian investors, rejects World Bank court
20-Mar-2024 The Intercept
After the Honduran president repealed a law granting unfettered authority to outside investors, the cryptoquistadors took the dispute to a World Bank arbitration court.
Economists: "The era of corporate supremacy in the international trade system is coming to an end"
20-Mar-2024 Progressive International
85 leading economists “commend” Honduras’ decision to quit international court that prioritises “corporate profit” over “sustainable development”.
Honduras Denounces the ICSID Convention
1-Mar-2024 ICSID
On February 24, 2024, the World Bank received a written notice of denunciation of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) from the Republic of Honduras.
Billion-dollar exposure: Investor-state dispute settlement in Mozambique’s fossil fuel sector
23-Feb-2024 Columbia Center on Sustainable Investment
Mozambique faces a substantial economic risk due to its exposure to investor-state dispute settlement (ISDS) claims by foreign investors in its coal, oil, and gas sectors. The investment protections in the country’s international investment agreements and contracts, combined with ISDS, expose Mozambique to multi-billion-dollar financial liabilities.
Tanzania’s attempt to strike out Indiana’s compensation fails to score
12-Feb-2024 Stockhead
Indiana Resources is closer to recovering its historical sunk investment for the unlawful expropriation of the Ntaka Hill nickel sulphide project after the ICSID struck out most of Tanzania’s grounds for requesting the annulment of the award.
Neocolonial ISDS, abused, biased, costly, and grossly unfair
9-Feb-2024 Inter Press Service
Investor-State Dispute Settlement (ISDS) provisions in international trade and investment agreements – long abused by opportunists with means – are slowly being rejected by cautious governments.
International Chamber of Commerce former arbitrator says ISDS has “lost battle of public opinion” and “legitimacy”
1-Feb-2024 AFTINET
To maintain the system, he proposes that business should shift away from ISDS in state-to state trade and investment agreements, and instead move to ISDS in contracts between individual investors and states.