ISDS Case Map
ECT
Energy Charter Treaty
Spain has suffered its first setback in an international arbitration process over its cuts to renewable energy subsidies.
Fifty years ago, an international legal system was created to protect the rights of foreign investors. Today, as companies win billions in damages, insiders say it has got dangerously out of control
In the rush to oppose TTIP we mustn't lose sight of the context in which the deal is being negotiated -- the hundreds of bilateral treaties that give corporations the right to sue in secret 'trade courts'.
Opponents of the trade deal being secretly negotiated between the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam have moved the discussion beyond its putative impact on jobs and growth and closer to the agreement’s broader ramifications, writes the IUF's Peter Rossman.
According to UNCTAD, 40% of all new ISDS cases in 2014 were initiated against developed countries (the historical average is 28%). A quarter of them are intra-EU disputes.
The Italian government has recently declared its withdrawal from the Energy Charter Treaty (“ECT”).
The Russian Federation filed three writs that seek to annul the award, alleging that the arbitrators did not fulfil their mandate personally because the Tribunal’s assistant played a significant role in analyzing the evidence and legal arguments.
In 2014, countries concluded one international investment agreement every other week. Investors continue to use investor-State dispute settlement, but the number of new cases does not reach the record high of previous years.
State measures that reduce or nullify existing creditor rights, such as the Argentine “Lock Law” or similar moratoria on repayment, may violate BIT rights and supply investors and creditors in other jurisdictions, particularly in the eurozone, with a basis for challenging similar measures.
Yukos was created as a joint stock company in 1993 and privatized in 1995, with operations across the oil and gas sector.
