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ICSID tribunal throws new light on the status of State-owned enterprises under the ICSID Convention
6-Oct-2017 Lexology
This article will focus on SOEs acting as claimants with a brief contextual examination of their role as ‘respondents’ to support the conclusion that SOEs will always have standing as claimants under ICSID.
Pakistan, Vietnam to start FTA talks
6-Oct-2017 The Express Tribune
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
New free trade agreements: normalising brutal transnational supply chains
6-Oct-2017 GRAIN
Transnational supply chains have been an expanding economic actor since transnational corporations began outsourcing manufacturing to places where extremely low wages, low or non-existing labour safety standards and even slave labour prevailed or were tolerated.
Privinvest announce ICC ruling in favour of Hellenic shipyards in dispute with Hellenic Republic
6-Oct-2017 PR Newswire
Hellenic Republic is found liable towards Hellenic Shipyards for more than 200 million Euros at the ICC while shareholders are pursuing the Hellenic Republic at the ICSID pursuant to the relevant Bilateral Investment Treaty.
RCEP In India: A creamy deal for transnational dairy corporations, growing resistance from farmers
5-Oct-2017 Countercurrents.org
The Modi governmentmust stop the RCEP from destroying rural livelihoods.
PACER Plus signatories urged to examine their commitments
5-Oct-2017 Radio NZ
Pacific countries already signed up to the PACER Plus are being urged to more closely examine their commitments under the deal, including the implications for customary land.
Tanzania edges closer towards total mine nationalisation
5-Oct-2017 Mining Review Africa
New laws revolve around the notion that Tanzania’s domestic law is to be supreme over any international dispute or arbitration decision.
US wants to update Latin America pacts next after NAFTA
5-Oct-2017 Just Style
Trade Representative Robert Lighthizer pointed to the need to modernise agreements with Peru, Colombia, Panama and Chile, as well as the Central America Free Trade Agreement (CAFTA).
Biofuels emerge as burning issue in EU-Mercosur talks
5-Oct-2017 EurActiv
Biofuels have emerged as a make-or-break issue in the EU’s negotiations with South American trading bloc Mercosur, and EU farmers fear they will be left to fend off stronger competition in a shrinking market.
TiSA impact assessment report ignores crucial human rights concerns
5-Oct-2017 EDRi
A report to evaluate how TiSA’s provisions could affect economic, social and human rights, which was published in July 2017, fails to address several key fundamental rights concerns.
US eager for trade talks with Japan, seeking ‘preferred status’: agriculture secretary
5-Oct-2017 Japan Times
US Agriculture Secretary Sonny Perdue expressed strong hopes that his country would launch trade talks with Japan to expand exports of farm products.
Seoul agrees to amend US trade deal after Trump threats
5-Oct-2017 Anadolu
South Korea will renegotiate free trade pact with Washington rather than see Donald Trump abandon the deal altogether
Japanese eager for Trans-Pacific Partnership with all eyes, including theirs, on NAFTA
4-Oct-2017 National Post
“All the countries, including Japanese, are very closely following the negotiation,” outgoing Japanese ambassador Kenjiro Monji said. “Because if we have to deal with United States, we can learn from this experience. A lot.”
Ecuador awarded USD41 million in counterclaim against US oil and gas company Burlington Resources
4-Oct-2017 IISD
The tribunal ordered Burlington to pay USD41 million in compensation to Ecuador for environmental and infrastructure damage.
An ICSID tribunal dismisses its jurisdiction as investor abused its rights by “reviving” a company to access arbitration against Cameroon
4-Oct-2017 IISD
The tribunal ruled that the investor did not have a head office in Luxembourg and had abused its rights to “give the impression that it had a Luxembourg head office”
Investor-state resolution: A snapshot of Cambodia
4-Oct-2017 Kluwer Arbitration Blog
The year 1993 saw a significant political transition in Cambodia through the adoption of democratic principles and free market economy.
EU and Canada settle cattle battle at the WTO
4-Oct-2017 Reuters
The settlement of the dispute at the WTO, which began in 1996, was facilitated by a liberalization of trade under the EU/Canada Comprehensive Economic and Free Trade Agreement (CETA).
Derains & Gharavi : Press release on behalf of Caratube International Oil Company LLP and Mr. Devincci Hourani
4-Oct-2017 Business Wire
An ICSID Arbitral Tribunal ordered Kazakhstan to pay Caratube USD 39.2 million in damages, plus USD 1,207,757.44, and well over 10 million USD in interest.
US pushing Seoul on trade amid tensions on Korean peninsula
4-Oct-2017 Bloomberg
Trump administration officials are set to push South Korea to buy more American cars and agricultural products even as tensions run high on the Korean peninsula.
Ireland and France furious with EU over plan to import more beef from Brazil
4-Oct-2017 Daily Express
The European Union (EU) is facing a stinging attack from Ireland and France after Europe moved to open up the lucrative beef market to Brazil.