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ICSID

Ray of hope for Reko Diq penalty being nixed
15-Jun-2020 The Express Tribune
Pakistan’s chances of having its $6 billion penalty in the Reko Diq case annulled have received a boost with a committee of the International Centre for Settlement of Investment Disputes (ICSID).
Appeal in ISDS: Appealing for the host state?
28-Feb-2020 South Centre
The basis of a claim in ISDS is always the applicable international investment agreement. There would always be differences and inconsistencies with an appellate mechanism.
Pakistan moves US court to stop over $6bn fine in Reko Diq case
10-Jan-2020 DAWN
Pakistan has asked a US federal court to pause an Australian copper company’s bid to enforce a $6 billion arbitral award while it looks to have the award nixed.
People power in Romania stopped a mining project. now the corporation is suing for billions of dollars
17-Dec-2019 Inequality.org
Romanian and US environmental justice activists demonstrated in Washington, DC, outside a World Bank tribunal hearing on a case brought by Canadian-based Gabriel Resources.
How World Bank arbitrators mugged Pakistan
27-Nov-2019 Project Syndicate
Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries.
Weapons of legal destruction: ISDS lawsuits and Lydian International’s assault on Armenian sovereignty
24-Sep-2019 CADTM
The signing of an investment treaty involves a unilateral loss of sovereignty on the part of the host state, which is ultimately deemed necessary to attract foreign capital.
Reko Diq Case I: an indictment against ICSID
25-Jul-2019 Daily Times
Pakistan has suffered at the hands of an unaccountable and defective dispute resolution mechanism at the hands of the ICSID, and following the examples of India, South Africa and Brazil, should never have become a part of the ICSID.
Government decides to challenge award
15-Jul-2019 Business Recorder
The Pakistan government has decided to challenge the award ICSID award that includes $4.08 billion penalty and $1.87 billion interest.
Pakistan fined Rs950 bn in Reko Diq case
14-Jul-2019 The News International
The International Center for Settlement of Investment Disputes (ICSID) of World Bank has rendered almost $6 billion (Rs950 billion) award against Pakistan in Reko Diq case.
QICDRC sign deal to become hub for dispute resolution
17-Jun-2019 Gulf Times
Qatar International Court and Dispute Resolution Center (QICDRC) on Sunday entered into a pact with a World Bank body as part of plans to enhance its profile in the global judicial system and establish itself as a hub for dispute resolution.
Argentina to pay US$320m in damages over Aerolíneas nationalisation: court
1-Jun-2019 Buenos Aires Times
The Cristina Fernández de Kirchner administration nationalised the airline in 2008, paying a symbolic one peso (30 US cents).
Letter: Gambia is about to pay half a million dollars at the International Settlement Investment Dispute Court
13-Mar-2018 Freedom Newspaper
Shocking information from insiders tells us that the authorities are about to make a payment to the International Settlement of Investment Disputes of nearly US dollars 500,000 as a prepay for the three litigations.
Ecuador adopts a new approach towards foreign investment
30-Jan-2018 Lexology
Recent declarations made by members of the newly elected government of Ecuador reveal a reversal of its predecessor’s decision to denounce and withdrawal from the ICSID Convention, as well as all of Ecuador’s bilateral investment treaties
Mexico signs the ICSID Convention
12-Jan-2018 Public Now
Mexico’s Secretary of the Economy signed theConvention on the Settlement of Investment Disputes between states and nationals of other states.
Is it time to redesign or terminate investor-state arbitration?
14-Apr-2017 CIGI
A clean break is needed to restore trust, but these stiff tests must be met.
Comment: Selling the proposal for a multilateral investment court to the world
24-Jan-2017 Borderlex
In reality, the EU’s plans are not realistic in the current international context, nor will they appease ISDS critics
Iran’s accession to ICSID: What to expect?
24-Jan-2017 EFILA
Joining the ICSID will enhance international perceptions of Iran as a welcoming country to invest.
Bear Creek Mining Corporation v. Republic of Peru (ICSID Case No. ARB/14/21) – public hearing
15-Aug-2016 ICSID
​A hearing on jurisdiction and the merits in the case will be transmitted live via internet feed from 7-14 September 2016.
Protecting the government in investor-state dispute
28-Jun-2016 The Jakarta Post
The Indonesian government is currently reviewing all its international investment treaties after previously having terminated 20 bilateral investment treaties (BIT).
Costa Rica’s request to terminate Infinito Gold’s ICSID claim: brief reflections
14-Apr-2016 Rebelión
On 24 July 2015, Costa Rica requested the termination of the arbitral proceedings that the Canadian Mining company, Infinito Gold filed with the Centre for the Settlement of Disputes between Foreign Investors and States.