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South’s concerns over ISDS reform process need to be addressed
The broad mandate given by UNCITRAL focuses on a limited set of procedural issues that fails to address the substantive concerns over the crisis of legitimacy confronting the international investment regime, and ISDS more specifically.
The Irish Spanish Solar sues Spain in the ICSID for the cut in premiums to renewables
Spanish Solar demands compensation from the Spanish Government for having cut the premiums for the use of energy once the investments have been made.
Deep-sea salvage firm uses NAFTA to fight Mexican environmental rules
A lawsuit filed against the Mexican government for denying a permit for seabed mining has put a spotlight on the lack of international rules for such practices.
Australia and India: A time to refocus on trade talks
In a drastically changed geopolitical scenario, developments in the Indo-Pacific, have brought Australia and India closer together as Comprehensive Strategic Partners.
BoI to sign treaties as per its new template
The Board of Investment (BoI) is all set to sign treaties with foreign countries in line with the new Bilateral Investment Treaty (BIT) template, which was approved by Prime Minister Imran Khan last week, sources said.
Protecting human and environmental rights in international investment agreements
Human rights experts are particularly concerned about the asymmetric nature of the system and a lack of investors’ human rights obligations. Together with high ISDS costs and arbitral awards, they undermine states’ ability to realise economic, social, cultural and environmental rights.
Thailand and EU resume free trade agreement negotiations
Thailand and the European Union (EU) have agreed to resume negotiations on a free trade agreement (FTA) seven years after the collapse of negotiations in 2014 after a military coup in Thailand.
XL pipeline absurd $15 billion NAFTA ISDS claim
TC Energy expects to get 15 times more money, coming from taxpayers’ pockets, than the asset losses it experienced from the revocation of a permit, that was already denied twice.
How ‘blood mineral’ traders in Rwanda are helping fund Congo rebels – and undermining global supply chains
New evidence from a UN report and a high-profile investor arbitration case is casting a spotlight on Rwanda’s role in sophisticated smuggling networks that extract gold and coltan from Congolese conflict zones and funnel the strategically important minerals illicitly into global supply chains.
Pathways to just, equitable and sustainable trade and investment regimes
The paper suggests ten principles that fair trade movements could use when they think about their approach to international trade and investments.
Ecuador awaits Mexico’s response to negotiate the FTA, says minister
Ecuador is waiting for a response from Mexico to return to the negotiating table for a free trade agreement between the two that opens the long-awaited path to the Pacific Alliance.
Income tax bill fails to address international arbitration, will continue fight: Devas
An arbitration tribunal in 2020 awarded Devas more than $111 million plus interest in retro tax case.
Australia makes fresh push for free trade deal, sends former PM Abbott to talk to Modi govt
Australia is keen to deepen our trade and investment links with India, and take the economic relationship to the next level.
Switzerland and Thailand seek to boost business ties
Switzerland and Thailand have expressed interest in starting negotiations for a free trade deal, according to his office, with technical talks underway at the level of the European Free Trade Association (EFTA).
India to scrap retrospective tax law in olive branch to global firms
India proposed scrapping a controversial law that taxed companies retrospectively, a move that could potentially settle its multi-billion-dollar tax cases with Cairn Energy and Vodafone.
Thailand, Australia mull economic deal
Thailand and Australia have agreed to pursue a strategic economic partnership to boost bilateral trade and investment, with the deal expected to be signed next year.
Corporate update – UNESCO inscription of Roşia Montană
The UNESCO application and inscription are fundamentally at odds with Romania’s obligations under its investment treaties in relation to Gabriel’s gold and silver project.
Negotiations on Canada–Ukraine Free Trade Agreement expansion nearing completion
Ukraine and Canada are in the final stages of negotiations to expand the Free Trade Agreement to cover services and investment.
Pakistan to terminate 23 bilateral investment treaties
Decision aimed at avoiding international arbitration with foreign firms .
Vicat takes dispute with Egyptian state to international arbitration
France-based Vicat raised a case against the Egyptian government with the International Centre for Settlement of Investment Disputes in late June 2021. It concerns its cement production business.