As part of ongoing initiatives towards restructuring its bilateral investment treaty regime, Indii aims to minimize the possibility of arbitral tribunals interpreting the treaty provisions vastly different from what the contracting parties originally had in mind.
A private ISDS tribunal has just ruled in favor of Uruguay over its tobacco labeling legislation. But why do we even allow this game to take place in the first place, regardless of the chance of a fatal outcome.
Sanum Investments Ltd and its parent company, Lao Holdings NV, say they filed the latest move in a legal battle concerning the Savan Vegas Hotel and Entertainment Complex – a casino hotel in Savannakhet, Laos.
India is seeking to terminate BITs signed with 57 countries and sign joint interpretative statements with the other 25 treaty states – all an outcome of the country’s new model BIT.
The World Bank’s ICSID ruled in favor of Uruguay in a suit filed by Philip Morris International seeking compensation for economic damages caused by the nation’s anti-tobacco measures.
Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations.