ISDS Case Map
investor-state disputes | ISDS
A major victory against an exploitative corporate lawsuit in Guatemala.
The company added that it will defend its legal rights under the bilateral investment treaty between the countries.
Trump said the socialist government “stole” from American oil companies. Those firms have been seeking billions in compensation through a controversial arbitration system.
Travizory Border Security SA, a Swiss-based border security technology company, filed a treaty-based claim against the Republic of Kenya at the ICSID. The dispute relates to a border-crossing management agreement and is purportedly covered by BIT Switzerland - Kenya 2006 and ICSID Convention - Arbitration Rules.
Axis International Ltd has filed a $28.9 billion arbitration claim against Guinea at a World Bank tribunal after the West African country revoked its permit to operate a bauxite mine earlier this year, the United Arab Emirates-based company said.
China's Wingtech is seeking international arbitration in pursuit of up to $8 billion in damages following the Netherlands' seizure of chipmaker Nexperia.
This is an opportune moment for Guatemala review the commitments it has made in investment treaties and decide, weighing the costs and benefits, whether or not to remain in his system.
If the Venezuela experience is any indication, denouncing the ICSID Convention by itself will not provide much satisfaction.
Before Donald Trump’s capture of Nicolás Maduro, corporations filed lawsuits against Venezuela seeking damages tied to state nationalization, international sanctions, and political instability. A Trump-installed government could tilt the courts in their favor.
The US oilfield services company Halliburton quietly filed a suit against Venezuela at the World Bank’s international arbitration court, ICSID.
