International investment law and investor dispute arbitration too often fail to notice the concerns of local actors. Governance of these international mechanisms needs to take a more holistic, development-based view of the issues.
Mining company South32 has filed a request for arbitration at the World Bank over a dispute with Colombia concerning royalty payments from its majority-owned Cerro Matoso ferronickel mine:
Beijing is preparing to sign a deal that would strengthen its ties with Colombia, one of its closest Latin American allies, as its companies pour billions into rail projects, mines and other investments.
The US-based ridesharing services platform Uber Technologies and its Colombian subsidiary, Uber Colombia, have threatened to initiate arbitration proceedings against Colombia under the Colombia-US Trade Promotion Agreement.
Indonesia and Colombia have agreed to shortly initiate a Joint Feasibility Study (JFS) under its efforts to tap avenues for increasing access of several Indonesian export goods to the Colombian market.