ISDS Case Map
investor-state disputes | ISDS
MODEL BIT LETTER
Report authored by the FOCO team
The Big Food Group which owns the Iceland chain of food stores, has abandoned its more than 12M pounds sterling claim against Guyana for the nationalisation of the sugar industry 27 years ago.
Developing countries have entered into a large number of bilateral investment treaties (BITs) as well as free trade agreements (FTAs) that include explicit obligations for the protection of intellectual property rights as "investments".
In order to meet the requirements to submit its Las Cristanas dispute to international arbitration, junior explorationist Vanessa Ventures [VV] of Calgary, Alberta, has dropped five appeals to Venezuela's Supreme Tribunal of Justice.
Occidental Petroleum Corporation said today that a tribunal of international arbitrators formed under the US-Ecuador Bilateral Investment Treaty has issued its unanimous decision awarding approximately $75 million as compensation for value added tax (VAT) refunds from the company's Block 15 operations in Ecuador that were deemed wrongfully withheld by the Government of Ecuador through December 31, 2003.
The attached letter, pressuring Costa Rica to resolve two disputes in favour of US investors, has been denounced as a blackmail by local activists.
MTD Capital Bhd has won in its legal dispute against the government of Chile in respect of its investment in a housing project in the country.
The North American Free Trade Treaty (NAFTA, Jan 1994), the Free Trade Area for the Americas (FTAAs, December 1994), Plan Colombia (1999), the Regional Integration of Infrastructure in South America (RIISA, September 2000) and the Plan Puebla Panamá (PPP, March 2001) are the building blocks of the US hegemonic policy for the Americas and the Caribbean.
Bilateral Investment Treaties (BITs) have greatly proliferated in the last two decades, and play an increasingly significant role in global trade and investment protection.
