In the midst of war, Russian oligarchs are suing Ukraine – not in Moscow or Kyiv, but through European trade treaties and arbitration courts in Washington.
Morocco-focused potash developer Emmerson PLC said on Monday it had submitted a $1.215 billion damages claim, including interest and net of local taxes, in its arbitration case against Morocco.
Guinea has reached an agreement with Emirates Global Aluminium that will avert a looming arbitration over last year’s seizure of the miner’s local unit.
President Gustavo Petro said that Colombia will pull out of investor protection treaties that allow foreign corporations to sue the State over perceived losses before international tribunals.
The funding arrangement enables Cadence and its subsidiary REM Mexico Limited to commence international arbitration against the Mexico under the UK-Mexico bilateral investment treaty.
We write to you as economists and legal scholars deeply concerned that investor-state dispute settlement (ISDS) poses a serious obstacle to building prosperous, equitable, and sustainable societies.