ISDS Case Map
Belgium
For those uninitiated in the world of international arbitration, below is the primer of the issues at play in the South Korea-Lone Star Funds arbitration.
The heads of the two main Francophone Belgian unions express their clear reservation on the Transatlantic Trade and Investment Partnership.
Belgium has demanded greater access to public procurement market for large-scale contracts under the proposed India-EU free trade agreement (FTA), whose fate already hangs in balance. The country also stressed on further tariff reduction on goods by India.
The Korean government is fighting a ISD suit by US based private equity fund Lone Star. The ISD suit was established through Lone Star's paper company in Belgium and initiated through an investment treaty between Belgium and South Korea.
The article discusses a blunder in the Korean government in failing to include an anti-paper company clause that is now allowing companies to use the Belgium investment treaty as a backdoor for ISD suits.
South Africa has terminated a bilateral investment treaty with Belgium and Luxembourg in the first of a series of planned shreddings of post apartheid-era agreements which are coming up for renewal.
In a May 31 press release, the US private equity fund Lone Star said it was planning to request investor state dispute (ISD) arbitration for losses suffered due to "unlawful" interference by the South Korean government.
Belgium, being the Capital of Europe and centre of European politics and policy making, should support the efforts for signing free trade agreement between Pakistan and European Union, says the Karachi Chamber of Commerce and Industry
Barbados and the Belgium-Luxembourg Economic Union (BLEU) now have a Bilateral Investment Treaty (BIT).
During this visit, the text of a bilateral investment treaty will be initialled by Maen Nsour, chief executive officer of Jordan Investment Board, and the Belgian ambassador in Jordan, Jo Indekeu.
