ISDS Case Map
finance | banking | taxes
An international tribunal began hearing a multi-billion dollar case Friday that the US private equity firm Lone Star filed against South Korea's government over tax and other disputes surrounding its asset sell-offs in Korea.
The launch of the Asean Economic Community this year will see an increase in trade flows, but also more problems such as money laundering and fraud, OCBC Bank chief executive Samuel Tsien said on Wednesday.
Insurers from the US and EU are amongst leading backers of a financial services chapter within the Transatlantic Trade & Investment Partnership (TTIP), although the US remains opposed officially.
The finance ministry has drafted a fresh bilateral investment protection treaty that would keep taxation measures and issuance of compulsory licences for intellectual property rights out of the sphere of arbitration while preventing foreign investors to drag India to arbitration for any dispute that has already been settled by the courts.
According to sources ay India's Central Board of Direct Taxes, tax matters are not covered under UK-India bilateral Investment treaty (BIT).
"With India now having concluded its own model bilateral investment treaty (BIT) framework, we are poised to be able to engage with the Indians and commence in negotiations on a bilateral investment treaty," the US Assistant Secretary of State for South and Central Asia said.
Three recent ICSID decisions involving Ecuador highlight the importance of language addressing the status of taxes in investment treaties.
Internet privacy and net neutrality would become things of the past if the secret Trade In Services Agreement comes to fruition.
US Senator Elizabeth Warren on Wednesday warned that a major trade deal being negotiated by the Obama administration could hamstring Wall Street reform efforts.
The film explains how the settlement works and why it endangers necessary governmental rescue measures in financial crises as occurred in Greece, Cypress and Argentina.
