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Tanzania, British developer head back to ICSID after stalled talks
Tanzania and British developer Pennyroyal Limited could find themselves back to the International Centre for Settlement of Investment Disputes (ICSID) after talks between the two parties failed to yield an agreement.
PLUNA airlines arbitration fallout: Uruguay’s assets targeted In Luxembourg
The Latin America Regional Aviation Holding has intensified its legal dispute with Uruguay following the country’s failure to comply with the arbitral award related to the closure of Pluna.
Uruguay found liable in treaty dispute with airline company investor
The dispute concerned Uruguay’s national airline Pluna, where the Claimant, a Panamanian company – Latin American Regional Aviation Holdings S. de S.R.L. acquired in 2007 a 75% stake through its subsidiary Leadgate.
ICSID takes cognizance of Turkish firm’s claim against Pakistan
ICSID Tribunal decides to proceed with adjudication on quantum of amounts owed to Bayindir by Pakistan.
China, Belarus to sign FTA
Belarus, which has been hit by Western sanctions over its support for Russia’s offensive in Ukraine, said it will sign a free trade deal with China for services and investment.
‘Political instability threatens AfCFTA implementation’
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol.
EU-Japan deal on data flows enters into force
With its inclusion in the EU-Japan Economic Partnership Agreement, the agreement promotes the concept of ‘Data Free Flow with Trust’, a guiding principle for international cooperation on data flows.
Indonesia, Chile commence talks on IC-CEPA
Indonesia and Chile launched negotiations within the framework of the Indonesia-Chile Comprehensive Economic Partnership Agreement to expand investment potential and opportunities in non-traditional markets, especially Latin America.
Romania wins EUR 330 mln ICSID arbitration lawsuit filed by owners of bankrupt insurer Astra
Romania won the litigation case filed by the owner of the bankrupt insurer Astra Asigurari, Dutch-based Nova Group Investments controlled by the Adamescu family, according to a note published by the Romanian Ministry of Finance.
China, New Zealand agree to start trade talks
China and New Zealand agreed to commence trade in services negotiations based on a negative list approach, as part of efforts to enhance their comprehensive strategic partnership.
CIS Agreement on Free Trade in Services and Investments comes into force
The CIS Agreement on Free Trade in Services and Investments signed in 2023 has come into force, BelTA learned from the Economy Ministry of Belarus.
Uruguayan State requested hefty sum in damages over Montevideo Port deals
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
Peru seeks to avoid arbitration over Chinese-built mega port
A free-trade agreement between Peru and China, which has been in effect since 2009, protects investments and has allowed increased trade between the countries.
Serbia to face transport investment arbitration
The subject of the arbitration is given as ‘transportation fare collection services’, and invokes the 2001 bilateral investment treaty between Turkey/Türkiye and Yugoslavia as the basis for the claim.
China rolls out cross-border trade in services negative lists
China has rolled out national and pilot free trade zone versions of negative lists for cross-border trade in services to boost opening up, the Ministry of Commerce announced.
UK and Turkey open talks on new post-Brexit trade deal
The UK is looking to boost its services industry with a ‘modernised’ trade deal with Turkey.
After 30 Years of NAFTA, the Working Classes Are Still Losing
Thirty years after NAFTA came into effect in 1994, the economic data suggests a somber conclusion: The three countries’ working classes are worse off today than they were before
India on verge of inking FTA with EU as 7th round of talks underway
India-EU FTA seventh round talks is expected to focus on services and investments, building on earlier talks that covered goods and public procurement
India seeks service inclusion, investment commitment from Switzerland in EFTA trade deal
India and EFTA have held negotiations on several chapters including trade in goods & services, intellectual property rights, investment promotion and cooperation, rules of origin, trade facilitation and trade and sustainable development.
Al Habtoor group issues a notice of an investment dispute against Lebanon
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.