investor-state disputes | ISDS

Investor-state dispute settlement (ISDS) refers to a way of handling conflicts under international investment agreements whereby companies from one party are allowed to sue the government of another party. This means they can file a complaint and seek compensation for damages. Many BITs and investment chapters of FTAs allow for this if the investor’s expectation of a profit has been negatively affected by some action that the host government took, such as changing a policy. The dispute is normally handled not in a public court but through a private abritration panel. The usual venues where these proceedings take place are the International Centre for Settlement of Investment Disputes (World Bank), the International Chamber of Commerce, the United Nations Commission on International Trade Law or the International Court of Justice.

ISDS is a hot topic right now because it is being challenged very strongly by concerned citizens in the context of the EU-US TTIP negotiations, the TransPacific Partnership talks and the CETA deal between Canada and the EU.

The Express Tribune | 9-Dec-2022
The Supreme Court declared that the settlement agreement between Canadian mining company Barrick Gold and the government of Pakistan in the Reko Diq mining project is legal.
Taylor & Francis Online | 8-Dec-2022
Governments that revoke licenses and permits or take other measures to restrict the development of oil and gas in their territory will face claims from investors for compensation.
Business Recorder | 7-Dec-2022
There are two sticking points in the negotiations of the Pakistan-Hungary BIT: one is “Expropriation” and the other is “Subrogation”.
The Citizen | 7-Dec-2022
Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar project.
Inequality.org | 6-Dec-2022
Local resisters are calling for a different economic model — one that prioritizes clean water and soil, healthy communities, peace, dignity, and self-determination.
La Jornada | 5-Dec-2022
Las amenazas del gobierno de Estados Unidos de iniciar una controversia contra México en el T-MEC para asegurar que se siga importando maíz transgénico y usando glifosato son una defensa del derecho de las trasnacionales de agrotóxicos y semillas transgénicas a envenenar a la gente y contaminar semillas nativas, suelo y aguas.
No TCI | 2-Dec-2022
El Parlamento Europeo adoptó una resolución en la que pide a la Unión Europea (UE) y a todos los Estados miembros que inicien la salida en bloque de la UE del Tratado de la Carta de la Energía (TCE).
City AM | 30-Nov-2022
Arctic miner GreenX to pocket £740m in damages from Polish government.
SOMO | 30-Nov-2022
The Dutch government will not have to pay damages to energy giants RWE and Uniper, a Dutch court in The Hague ruled.
The Express Tribune | 28-Nov-2022
The government urged all stakeholders to complete pending actions hampering the conclusion of the $900 million settlement deal in the Reko Diq case to avoid a $5.9 billion penalty.

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