investor-state disputes | ISDS
Investor-state dispute settlement (ISDS) refers to a way of handling conflicts under international investment agreements whereby companies from one party are allowed to sue the government of another party. This means they can file a complaint and seek compensation for damages. Many BITs and investment chapters of FTAs allow for this if the investor’s expectation of a profit has been negatively affected by some action that the host government took, such as changing a policy. The dispute is normally handled not in a public court but through a private abritration panel. The usual venues where these proceedings take place are the International Centre for Settlement of Investment Disputes (World Bank), the International Chamber of Commerce, the United Nations Commission on International Trade Law or the International Court of Justice.
ISDS is a hot topic right now because it is being challenged very strongly by concerned citizens in the context of the EU-US TTIP negotiations, the TransPacific Partnership talks and the CETA deal between Canada and the EU.
23-May-2014
DW
The TTIP trade agreement between the US and the EU is continuing to cause a major row in Europe. Economist Christoph Scherrer tells DW that the corporations’ right to file lawsuits will be particularly problematic.
15-May-2014
PTI
With tax authorities pressing with over Rs 21,000 crore in unpaid dues, Finnish telecom major Nokia has invoked the Bilateral Investment Promotion and Protection Agreement (BIPA) India has with Finland to resolve the dispute.
14-May-2014
TWN
A prominent international lawyer has launched a scathing critique of the international arbitration system that deals with investor-state disputes, describing the investment treaties that give rise to this system as "weapons of legal destruction"
13-May-2014
Indian Express
Entangled in a protracted tax mess in the country, Nokia has said that it would like to address the issue under the bilateral investment treaty between Finland and India, sources told The Indian Express.
11-May-2014
While Uruguay has been celebrated by liberals around the world for its bold steps to regulate cannabis, with new rules taking effect this week, its similarly pioneering attempts to control smoking of another, legal plant – tobacco – has earned it powerful enemies.
9-May-2014
ETUC
The EU-Canada trade agreement – which may be concluded on May 8 at the Foreign Affairs Council – should not be used as a ‘Trojan horse’ to smuggle in a controversial Investor-to-State Dispute Settlement (ISDS) warned the European Trade Union Confederation (ETUC).
8-May-2014
Live Mint
Vodafone Group Plc has abandoned the conciliation process and started international investment arbitration against the Indian government over its long-running tax dispute.
7-May-2014
ETUC
The EU-Canada trade agreement – which may be concluded on May 8 at the Foreign Affairs Council – should not be used as a ‘Trojan horse’ to smuggle in a controversial Investor-to-State Dispute Settlement (ISDS) warned the European Trade Union Confederation (ETUC).
6-May-2014
AP
Germany’s vice chancellor is underlining doubts about the need for new investment rules in a proposed European Union-U.S. trade deal — a thorny issue in the talks.
30-Apr-2014
Financial Post
While US President Barack Obama hoped to kick Keystone XL out of the way by delaying a decision ahead of mid-term elections, Ottawa is considering launching a challenge under the North American Free Trade Agreement (NAFTA).
28-Apr-2014
Reuters
The Qatar-based satellite network Al Jazeera served Egypt with a $150 million compensation claim on Monday for what it said was damage to its business inflicted by Cairo’s military rulers, a step likely to worsen Qatari-Egyptian relations.
28-Apr-2014
FT
Al Jazeera has lodged a $150m claim for compensation against Egypt, turning to an international investor arbitration tribunal in its latest bid to fight a crackdown by the government in Cairo.
25-Apr-2014
The Ministry of Water and Power has approached the Washington-based International Centre for Settlement of Investment Disputes (ICSID) and challenged the jurisdiction of a tribunal which has been hearing a damage suit worth $334 million sought by a Turkish power firm, Karkey Karadeniz Elektrik Uretim (KKEU), against Pakistan.
25-Apr-2014
Global Risk Insights
With Indonesia and a growing crowd of both emerging and developed sovereigns gradually changing the calculus of investment protection, investors may have to engage in an across-the-board rethinking of their FDI strategy.
25-Apr-2014
VDB Loi
On 25 December 2013, Japan and Myanmar signed their first bilateral investment treaty.
24-Apr-2014
Gene Ethics
Australian PM Abbott’s trade deals with Korea, Japan and 12 other Pacific rim countries may give foreign companies the right to sue our governments for claimed losses over GM-free zones. A Greens Bill now in the Senate seeks to stop corporate predators having this right in all future treaties.
22-Apr-2014
Al Jazeera
Last week more than 300 international and national civil society organizations wrote to the president of the World Bank, Jim Yong Kim, during its biannual meeting in Washington, denouncing the bank’s involvement in the case of Pac Rim Cayman LLC v. El Salvador.
19-Apr-2014
TNI
Frank exchange of views between the EU Commission and civil society representatives on the introduction of special rights for companies in the TTIP, through the mechanism of investor-state dispute settlement (ISDS).
17-Apr-2014
CEO
See through the sweet-talk with Corporate Europe Observatory’s guide to investor-state dispute settlement (ISDS).
17-Apr-2014
CEO
This film presents some of the dangers of the investor rights within the proposed EU-US trade deal.
