The subject of the arbitration is given as ‘transportation fare collection services’, and invokes the 2001 bilateral investment treaty between Turkey/Türkiye and Yugoslavia as the basis for the claim.
International investment agreements enable corporations to sue foreign governments for loss of profits. The sums they demand can be so huge that even the threat of a claim is enough to make governments cave in.
Switzerland pursues a new bilateral investment treaty with India post EFTA deal, addressing model treaty concerns.India remains reluctant on concessions, focusing on market.
Although a universal and uniform framework regulating arbitrators’ conduct is useful, its impact may be limited due to limited implementation prospects and the absence of punitive measures.
The Dutch Supreme Court denied an appeal by Russia against the seizure of the rights to the Stolichnaya and Moskovskaya vodka brand names for the Benelux market by the former shareholders of now-defunct oil producer Yukos.
Congresswoman Linda T. Sánchez and Congressman Lloyd Doggett led 45 of their colleagues in calling on the Biden Administration to work to remove the Investor-State Dispute Settlement mechanism from the Central America – Dominican Republic Free Trade Agreement.
The European Commission’s plan to withdraw the bloc from the Energy Charter Treaty while allowing member states the right to remain if they choose was presented to Parliament.