ICSID

International Centre for Settlement of Investment Disputes (World Bank)

Socialising losses, privatising gains: How Dutch investment treaties harm the public interest
This paper shows how (the threat of) lawsuits taken to the International Centre for Settlement of Investment Disputes and other fora, using Dutch BITs, have effectively blocked policymaking in the public interest for development in host countries.
PNG govt ordered to stop interfering in SDP
The International Centre for Settlement of Investment Disputes has ordered Papua New Guinea's government to stop interfering in the management of PNG Sustainable Development Program.
Seven things you should know about EU-Singapore ISDS
Lock-in, no institutional safeguards for independence, perverse incentives, no separation of powers, automatic consent, ripe for exploitation, sovereign debt instruments included, open to the world, and a strategic mistake. Former trade commissioner De Gucht left us a Gordian Knot, writes Ante Wessels.
ICSID annulment committees: the elephant in the room
The title of this article refers to a looming issue that is not receiving the attention it deserves: the unbalanced and extraordinary power that the secretary-general of ICSID holds in practice in relation to annulment proceedings at the centre.
ConocoPhillips files for arbitration against PDVSA for contractual compensation
ConocoPhillips announced Friday that it has filed for arbitration under the rules of the International Chamber of Commerce or ICC against Petroleos de Venezuela or PDVSA, the Venezuela state oil company, for contractual compensation related to the Petrozuata and Hamaca heavy crude oil projects.
Gold Reserve says awarded $740.3 mln in Venezuela Brisas arbitration
The International Centre for Settlement of Investment Disputes (ICSID) determined Venezuela must pay US-based miner Gold Reserve $740.3 million for terminating its Las Brisas gold concession, the company said on Monday.
A call for the building of an alternative legal framework to the international investment treaties
This document seeks to incorporate proposals that have for some time been in the process of elaboration by actors from civil society, social movements, academics, and legal experts.
Uruguay’s smoking laws draw tobacco fire
While Uruguay has been celebrated by liberals around the world for its bold steps to regulate cannabis, with new rules taking effect this week, its similarly pioneering attempts to control smoking of another, legal plant – tobacco – has earned it powerful enemies.
Pak moves int’l forum against Turkish power firm
The Ministry of Water and Power has approached the Washington-based International Centre for Settlement of Investment Disputes (ICSID) and challenged the jurisdiction of a tribunal which has been hearing a damage suit worth $334 million sought by a Turkish power firm, Karkey Karadeniz Elektrik Uretim (KKEU), against Pakistan.
World Bank tribunal threatens El Salvador's development
Last week more than 300 international and national civil society organizations wrote to the president of the World Bank, Jim Yong Kim, during its biannual meeting in Washington, denouncing the bank’s involvement in the case of Pac Rim Cayman LLC v. El Salvador.