Colombian Environment Minister Irene Vélez Torres has called for reform of international arbitration tribunals, saying they’re “one of the greatest obstacles” to the energy transition and favor corporate interests over sovereignty.
An international arbitration body for investor–state dispute settlement has ruled in favor of South Korea in its challenge to the award for private equity fund Lone Star over its 2012 sale of a local bank.
Belgium fears that using the assets would leave it exposed to Russian legal action. This is a major concern for Belgium, which has a bilateral investment treaty with Russia, first signed in 1989.
The Government of Pakistan is facing a potential threat of arbitration from Saudi and Kuwaiti investors, key shareholders in K-Electric, who have already served a USD2 billion notice on Islamabad.
This policy brief examines an innovative judicial approach by the Colombian Constitutional Court in response to an increase in investor-state dispute settlement (ISDS) claims.