The 184 investors filed an arbitration request with the International Centre for Settlement of Investment Disputes, or ICSID, claiming Switzerland violated a free trade agreement with Japan when wiping out the bonds in March 2023.
Les investisseurs reprochent à la Confédération d’avoir violé l’accord de libre-échange entre les deux pays en ordonnant la dépréciation de plus de 16,5 milliards de francs d’obligations AT1 lors du sauvetage de Credit Suisse en mars 2023.
The justice ministry has sent a letter to Lone Star requesting the private equity fund to reimburse legal costs incurred during an investor-state dispute settlement over the 2012 sale of a local bank.
The YPF case exposes the inconsistencies of the international investment protection system, which enables large corporations to engage in predatory practices, creating severe macroeconomic problems for Argentina.
Lone Star said it does not accept this week’s annulment ruling by the International Centre for Settlement of Investment Disputes, signaling that it could pursue a new round of arbitration against the Korean government.
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.
Le Centre international pour le règlement des différends relatifs aux investissements a statué en faveur de la Corée du Sud qui a contesté une décision en faveur de la société de capital-investissement américaine Lone Star concernant la vente d’une banque locale en 2012.
SOMO and Both ENDS strongly condemn the newly revealed investor-state dispute settlement case filed by Petrogas, an Omani oil and gas company operating two shallow-water gas fields in the Dutch North Sea, against the Netherlands.