ISDS Case Map
El Salvador
HSBC Holdings said the banking group has initiated legal proceedings against El Salvador for what the company called a breach of the nation’s investment treaty with the UK.
An improbable victory in El Salvador offers lessons for grassroots activists worldwide.
South Korea said its free trade agreement (FTA) with a group of Central American nations will be fully implemented starting next month as Panama completed its domestic procedures.
In August 2018, El Salvador followed the Dominican Republic and Panama in switching diplomatic allegiance from Taiwan to China. But in March 2019, president-elect, cast doubt over whether his government would maintain that status.
El Salvador’s highest court temporarily suspended the cancellation of a free trade pact with Taiwan.
Now that the Trump administration has revamped the North American Free Trade Agreement, it is taking a look at kicking key countries out of its sister pact, the Central American Free Trade Agreement.
The officials will likely discuss the impact that the trade agreement could have on their economic and business relations.
El Salvador froze bank accounts and assets belonging to OceanaGold Corp after the mining company refused to pay the country $8 million as mandated by an international court.
A giant Australian-Canadian gold mining group, OceanaGold, has been ordered to pay interest on $8 million in legal costs awarded to El Salvador over a lawsuit it lost.
South Korea and a group of Central American countries have tentatively signed a free trade agreement.
