The EU and Mexico launch negotiations for a ‘modernised’ Free Trade Agreement. A key feature is the investment protection chapter which grants major multinational companies in Mexico and the EU the exclusive right to challenge democratic decisions.
Friendship, Commerce and Navigation (FCN) treaties are more than a historical precursor to international investment agreements (IIA) and continue to influence and inspire modern investment treaty design.
El ministro de Industria y Comercio, José Del Castillo Saviñón, consideró histórico el fallo que por primera vez obtuvo República Dominicana a su favor en un arbitraje internacional de inversión DR-Cafta por US$ 100 millones en contra del Estado dominicano.
India has written to 47 countries to nullify the existing bilateral investment agreements and ink fresh treaties that will make it mandatory for foreign investors to exhaust local judicial remedies before seeking arbitration.
The Philippines has a web of investment treaties which severely constrain the government’s ability to regulate or close polluting mines, a legal straitjacket that will become even tighter if the EU–Philippines Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) proceed
In the midst of various events, which sent shockwaves through the South African economy, the Protection of Investment Act was enacted on 15 December 2015.
Overall, the investment chapter is designed to give private parties the right to extract costly damages from governments that implement policies that harm profits.
In contrast to ASEAN-based investors that are protected under AICA, the level of protection for foreign investors largely depends on bilateral investment treaties.