Slovakia has made a step towards reversing an arbitration ruling over the ban of generating profits on private health insurers, the Finance Ministry says.
The Dutch company Hanocal sought international arbitration to demand more than 240 billion won ($205 million) in compensation for what it claimed as extra taxes it had paid to the South Korean government.
Nul besoin d’envoyer canonnières ou porte-avions pour intimider un Etat qui menacerait les intérêts des puissantes compagnies occidentales. Il existe un discret mécanisme pour régler les litiges entre États et investisseurs : l’ « ISDS ».
Poursuivi par Total pour un litige fiscal lié au pétrole, l’Ouganda a rejoint le nombre des nations qui se posent la question : « Comment avons-nous jamais pu accepter l’ISDS ? »
The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?”
American mining corporation Newmont escaped the domestic processing requirement from Indonesia’s 2009 Mining Law. It achieved this by using a clause in a Dutch investment treaty.
The Dutch company will file an ISDS application against the Korean government, should the authorities refuse to pay 183.5 billion won ($169.9 million) in tax refund.