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Progress towards a Multilateral Investment Court? EU-momentum building and divisions in UNCITRAL Working Group III
Lexology | 16-May-2018
The European Commission’s focus on ISDS has been so intense that far-reaching reform has been portrayed by many as inevitable. The Commission’s proposal is for the development of a multilateral investment court system (MIC).
keywords: investor-state disputes | ISDS , ISDS reform
Conoco aims to seize oil cargoes near Citgo’s Aruba terminal
Reuters | 16-May-2018
US oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba.
keywords: energy , investor-state disputes | ISDS , US , Venezuela
Tribunal curazoleño autoriza a ConocoPhillips a incautar 636M$ en activos propiedad de Venezuela
CIAR Global | 16-May-2018
Un tribunal de Curazao autorizó a que la estaodounidense ConocoPhillips incaute activos procedentes de refinerías en la isla propiedad de la estatal venezolana Petróleos de Venezuela (Pdvsa) valorados en 636 millones de dólares.
keywords: energy , investor-state disputes | ISDS , Venezuela
ConocoPhillips toma activos de estatal venezolana en el Caribe
El Tiempo Latino | 16-May-2018
Este viernes, la empresa Conoco Phillips tomó control de los activos petroleros, específicamente muelles y almacenes, que posee Venezuela en Bonaire y San Eustaquio
keywords: energy , investor-state disputes | ISDS , Venezuela
International body recommends inclusion of Romania’s Roşia Montană in world patrimony list
Romania Insider | 15-May-2018
Rosia Montana Gold Corporation entered a dispute with the Romanian state at the ICSID after the mining project was blocked as the site was declared a historic monument.
keywords: Canada , investor-state disputes | ISDS , mining , Romania
Reko Diq damages claim ‘exaggerated’
Express Tribune | 14-May-2018
The company exaggerated its future profits by underrating tax and royalty obligations by as much as 61 per cent, officials said.
keywords: investor-state disputes | ISDS , mining , Pakistan
New Zealand signs side letters with five CPTPP members to exclude compulsory investor state dispute settlement
Mondaq | 14-May-2018
New Zealand has recently signed "side letters" to exclude compulsory Investor State Dispute Settlement with five members of the CPTPP – Brunei Darussalam, Malaysia, Peru, Viet Nam and Australia.
keywords: CPTPP , investor-state disputes | ISDS , New Zealand
Conoco authorized to seize $636 million in Venezuela PDVSA assets
Reuters | 14-May-2018
The legal action was the latest in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the nationalization.
keywords: energy , investor-state disputes | ISDS , US , Venezuela
Draft Council conclusions on the negotiation and conclusion of EU trade agreements
European Council | 12-May-2018
EU member states approved the Commission plans to keep investment protection provisions seperate from trade agreements so that they can be approved without the ratification of national or regional parliaments.
keywords: EU , investment | BITs , investor-state disputes | ISDS
Report of working group III (Investor-State Dispute Settlement reform) on the work of its thirty-fifth session (New York, 23-27 April 2018)
UNCITRAL | 12-May-2018
The working group continued its deliberations on identification of concerns in the field of ISDS, as contemplated in the first part of the mandate.
keywords: investor-state disputes | ISDS , ISDS reform