ISDS Case Map
Germany
President Lee Myung-bak Tuesday urged major German companies to expand their investments in Korea, stressing that his country’s free-trade network will help European firms’ business in other foreign markets.
Chancellor Angela Merkel says Germany wants the European Union to negotiate a free-trade agreement with Japan following a similar deal with South Korea.
The International Center for Settlement of Investment Disputes in Washington DC has vacated or voided its ruling made on Aug. 16, 2007, finding no cause in the complaint of Fraport, a German company, that the Philippine government violated a bilateral treaty with Germany when it voided Fraport’s contract to build and operate Terminal 3 of the Ninoy Aquino International Airport.
Foreign Affairs Secretary Alberto Romulo advised President Aquino against deciding hastily on the case involving the Ninoy Aquino International Airport Terminal 3 (NAIA-3), warning the government could be at a disadvantage.
A dispute initiated by Deutsche Bank against the government of Sri Lanka will be a test case on whether derivatives contracts should be considered 'investments' under bilateral investment treaties
The International Centre for Settlement of Investment Disputes (ICSID) has, in a landmark ruling, granted an award in favour of Ghana over an arbitration dispute instituted against her on September 24, 2007 by a German investment company, Gustav F. W. Hamester.
German investor Reinhard Unglaube, a resident of Costa Rica, has commenced arbitration against his host country over the latter’s refusal to grant the appropriate permits to extend his eco-tourist hotel complex in Playa Grande, Costa Rica.
Under the bilateral treaty, the German government would provide insurance guarantees to investments by its companies in Pakistan and cover their political and security risks.
Addressing the Fifty Years of Bilateral Investment Treaties Conference in Germany, Pakistani PM Yousuf Raza Gilani said: “We are looking forward to early commencement of negotiations on a Free Trade Agreement.”
Pakistan will co-host with Germany world’s first-ever International Conference on Investment Treaties in Frankfurt from December 1-3, aimed at examining the policy issues that will shape international investment laws in the years to come.
