Philip Morris International expects a decision to be made this month or next on a challenge by Uruguay as to whether an international tribunal set to hear bilateral investment treaty complaints has jurisdiction over the matter.
Uruguay faces its first hearings in the French capital this week in a lawsuit filed by US tobacco giant Philip Morris International against its anti-smoking laws, an official said on Monday.
Philip Morris asserts that fair and equitable treatment includes a right to a “stable and predictable regulatory framework” as well as rights under treaties in addition to customary international law.
One of the world’s biggest tobacco companies is launching a claim against Uruguay for considering the country’s legislation commercially damaging to the company. Philip Morris corporation has filed a claim at the International Centre for Settlement of Investment Disputes (ICSID), a World Bank branch.
Uruguay’s Supreme Court on Friday dismissed a constitutional challenge brought by tobacco giant Philip Morris that disputes the tiny South American country’s anti-tobacco laws.
Uruguayan officials announced plans Thursday to take further steps to toughen controls on tobacco despite a pending legal battle with global cigarette powerhouse Philip Morris International.
A legal analysis of the challenge launched by Philip Morris International found the company to be both unjustified and unreasonable in its opposition to Uruguay’s new tobacco packaging laws.
Business & Human Rights Resource Centre | 11-Mar-2010
The move is certain to be closely watched by international lawyers and policymakers alike, as it will serve as an early test-case of the little-used intellectual property protections contained in BITs.