Civil society groups are calling on the Government to leave the Energy Charter Treaty (ECT) and reject ISDS, as a new threat emerges over the government’s refusal to grant an exploration licence to an oil and gas company.
Lone Star said it does not accept this week’s annulment ruling by the International Centre for Settlement of Investment Disputes, signaling that it could pursue a new round of arbitration against the Korean government.
For over 20 years, Argentina had the world’s highest number of investor claims before international arbitration tribunals. It also has the highest number of bilateral investment treaties in force in Latin America and the Caribbean.
Gold miner Aris Mining has reached a settlement with Colombia to terminate a long-running investor–state arbitration case, marking the first agreement of its kind in the country and ending a dispute dating back to 2018.
Aris Mining Corporation a annoncé avoir conclu un accord avec la République de Colombie pour mettre fin à une procédure d’arbitrage international initiée en 2018.
Colombian Environment Minister Irene Vélez Torres has called for reform of international arbitration tribunals, saying they’re “one of the greatest obstacles” to the energy transition and favor corporate interests over sovereignty.
An international arbitration body for investor–state dispute settlement has ruled in favor of South Korea in its challenge to the award for private equity fund Lone Star over its 2012 sale of a local bank.
Le Centre international pour le règlement des différends relatifs aux investissements a statué en faveur de la Corée du Sud qui a contesté une décision en faveur de la société de capital-investissement américaine Lone Star concernant la vente d’une banque locale en 2012.