The International Court of Arbitration of the International Chamber of Commerce plans to offer its services for settling disputes among companies participating in China’s Belt and Road trade initiative.
ISDS is not only an unwelcome tool that allows multinational corporations to put pressure on public interest decision-making, it is also incompatible with EU law.
Tribunal de Justicia de la Unión Europea | 6-mar-2018
Esta cláusula sustrae del mecanismo de control judicial del Derecho de la Unión los litigios que pueden versar sobre la aplicación o la interpretación de este Derecho.
Cour de justice de l’Union européenne | 6-mar-2018
Cette clause soustrait au mécanisme de contrôle juridictionnel du droit de l’Union des litiges pouvant porter sur l’application ou l’interprétation de ce droit.
The tribunal found that Novenergia’s investments were achieving a reasonable rate of return. However, the tribunal held that it was sufficient for the claim to succeed that Novenergia could show “quantifiable prejudice” compared with its position when it initially made its investment.