We write to you as economists and legal scholars deeply concerned that investor-state dispute settlement (ISDS) poses a serious obstacle to building prosperous, equitable, and sustainable societies.
New data reveal that lawsuits filed by corporations against Latin American and Caribbean countries are increasing, undermining government efforts to implement policies that could benefit the energy transition, human rights and the environment.
Singapore-based energy developer Sinolam International has filed for arbitration before a World Bank international court against Panama following the cancellation of its licence for a gas-fired power generation project.
The proceeds of the Private Placement will be principally used to support the Company’s application to annul the damages award issued on July 15, 2024 awarding no monetary compensation to the Company in its arbitration proceedings against the Republic of Colombia.
On 16 March 2026, Iceland deposited with the Energy Charter Secretariat, in its capacity as the Depositary of the Energy Charter Treaty on an interim basis.
Falcon Energy Materials, a UAE-based company, said it had initiated international arbitration proceedings against Guinea, alleging the “illegal expropriation” of its Lola graphite project.
South Korea has won an international arbitration case brought by Swiss elevator manufacturer Schindler Holding AG, avoiding a potential payout of 320 billion won ($211.4 million) in damages, the justice ministry said.