ISDS Case Map
CAFTA
US - Central America Free Trade Agreement
The ongoing lawsuit brought against Honduras by an American company underscores the unjust and undemocratic nature of the investor-state dispute settlement system.
American billionaires are suing the Honduran government for blocking the creation of a libertarian city-state in the country. If they win, it will be a devastating victory for corporate colonialism over democracy.
Honduras is threatening to withdraw from the World Bank’s International Centre for Settlement of Investment Disputes over an $11 billion claim by Honduras Prospera, a US company.
We stand in solidarity with the people of Honduras and condemn US company Próspera's $11 billion case against the will of the people.
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions from current and future trade deals
US investors Honduras Próspera Inc. and its affiliates filed claims with the International Centre for Settlement of Investment Disputes against the State of Honduras.
The entry into force in 2006 of the CAFTA-DR represented a notable boost to Nicaraguan exports of products made in companies that operate under the free trade zone regime, which required the hiring of a lot of labor.
In a settlement agreement, Guatemala agreed to pay approximately US$46 million to Teco Holdings LLC, in order to conclude the investment arbitration that the company filed against Guatemala in November 2010.
