ISDS Case Map
investor-state disputes | ISDS
Newmont Mining Corp has withdrawn an international arbitration filing against the Indonesian government, government and company officials said on Tuesday, indicating a possible breakthrough in a seven-month dispute that halted exports.
The European Union today took an important step towards creating a comprehensive EU investment policy, with the publication of a Regulation setting out a new set of rules to manage disputes under the EU's investment agreements with its trading partners.
Indonesia is not the only Asia-Pacific nation that is reassessing investment treaties containing provisions on Investor-State Dispute Settlement (ISDS, especially arbitration).
US firm Newmont Mining has withdrawn its arbitration claim against Indonesia
The Socialist & Democrat Group in the European Parliament has always opposed the inclusion of the investor-state dispute settlement mechanism in CETA, says their president G. Pitella, and it will be up to the Parliament to decide whether or not to ratify the agreement.
Pacific Rim Mining Corp., a Canadian-based multinational firm, sought to establish a massive gold mine using water-intensive cyanide ore processing in the basin of El Salvador’s largest river, Rio Lempa.
While Indonesia intends to renegotiate its BITs to provide greater capacity to regulate in the public interest, the current Australian government has indicated it will consider the inclusion of ISDS on a case-by-case basis.
The most controversial provisions include the investor state dispute resolution mechanism (ISDS), an arbitral tribunal meant to settle disputes between governments and corporations.
The leaked EU-Canada trade agreement contains a controversial chapter on investor-state disputes settlement that is substantially unchanged from previous drafts that were used as a basis for the EU's recently held public consultation.
Australia Fair Trade and Invesment Network's Convener, Dr Patricia Ranald, gave evidence to the Senate Committee for Foreign Affairs Defense & Trade on the 6th August 2014 about the dangers of investor-state dispute settlement (ISDS) in trade agreements.
