Pakistan is among dozens of countries with whom the United States is seeking to sign, or has already signed, a bilateral investment treaty (BIT) as part of a calculated strategy to bypass the WTO where it finds little hope of any agreement on investment and other Singapore issues being clinched in the foreseeable future.
The Czech Republic can argue its case that Japanese investment bank Nomura is liable for billions of crowns in damage, according to an interim award issued Sept. 7 by an UNCITRAL arbitral tribunal seated in Zurich.
Recently, a central bank revoked the license of a bank owned by a foreign investor. The procedure followed conformed to domestic law to the letter, and it did not amount to a denial of due process.
Notwithstanding border and other political problems and the low base, India’s trade with China has increased phenomenally. A preliminary study has been done on a possible free trade agreement (FTA) with China.
The free trade agreement the United States plans to negotiate with the Andean countries of Bolivia, Colombia, Ecuador, and Peru should contain an investor-state dispute settlement mechanism, witnesses at a Trade Policy Staff Committee hearing on the Andean FTA said March 17.
In the course of consultations with services industries on the Model BIT, a number of serious concerns have been raised. These relate to (1) the prospective nature of the Model BIT; (2) the breadth of the BIT’s prudential carve-out; (3) the limitations on recourse to investor-state dispute settlement mechanisms in certain cases; and, (4) the dispute settlement process itself.
This may come as a surprise to the ministry of home affairs. Security concerns of the government’s intelligence agencies notwithstanding, the ministry of external affairs (MEA) is quietly pushing for a Bilateral Investment Promotion and Protection Agreement (BIPA) with China.
The government has finally announced to commence negotiations on long-unheeded Bilateral Investment Protection Agreement (BIPA) with India, which the southern neighbour had been pressing for the last five years.
The newly-appointed solicitor firm in London, Evershed, has backed out of the Dabhol arbitration case at the last minute, leaving the Union government in a quandary.
BECHTEL Enterprises Holdings Inc and GE Structured Finance on Monday said that they have filed an international arbitration claim against the Government to recover their investments in Dabhol Power Company (DPC).
The government of India (GoI) has sought a 60-day extension from the Arbitral Tribunal in London for filing a defence statement after GE blocked the appointment of Evershed as India’s new solicitor firm in the UK.
The United States has offered Pakistan a bilateral investment treaty, provided the country enforces intellectual property rights, anti-money laundering law and creates conducive regulatory environment, says Alan P Larson, US Under Secretary of State for Economic, Business and Agricultural Affairs.
Letter to USTR, State and Commerce on the threat to Bilateral Investment Treaties posed by E.U. Enlargement.
Pakistan and the United States will soon sign a bilateral investment treaty. Officials at the Board of Investment (BoI) disclosed this at a meeting with Alan Larson, the US under secretary, who called on Dr Hafeez Shaikh, federal minister for privatisation and investment, on Monday.
The Minister of the Economy, Isaac Alfie, and the US Trade Representative Robert Zoellick, concluded a Bilateral Investment Agreement without disclosing its contents to either the Uruguayan members of parliament or to the Uruguayan society as a whole.
Investment, competition policies, and transparency in government procurement emerged during a recent meeting between trade ministers of the Association of Southeast Asian Nations (ASEAN) and the European Union aimed at seeking ways to boost trade and economic cooperation between the two regions.
The proliferation of Bilateral Investment Protection Treaties creates a network with anti-democratic and anti-social effects akin to MAI.
Report authored by the FOCO team
The Big Food Group which owns the Iceland chain of food stores, has abandoned its more than 12M pounds sterling claim against Guyana for the nationalisation of the sugar industry 27 years ago.