U.S. President Barack Obama said on Monday he was suspending trade benefits for Argentina because of the South American country's failure to pay more than $300 million in compensation awards in two disputes involving American investors.
Azurix Corp plans to ask the Obama administration for help in recovering more than $230 million it says it is owned by the government of Argentina. It would be the first time a US company has used the "Section 301" trade law to pressure a foreign government to pay an award decided by an arbitrator in an investment dispute.
The Harper government says it's successfully concluded an eighth round of free trade negotiations with the European Union, and despite reassurances from provincial, and recently federal, government officials that water is not on the bargaining table, several Sea to Sky residents are extremely concerned.
French media conglomerate Vivendi (VIV.FR) Tuesday said the International Centre for Settlement of Investment Disputes, or ICSID, reaffirmed its original ruling and financial award in favour of the company in a long-running dispute with Argentina.
We know through a leaked version of an earlier CETA text and verbally from Canada's negotiating team in Brussels that the European Commission wants access to Canadian water and sanitation services.
Marking a final setback for Argentina in its protracted dispute with US-based water services firm Azurix Corp, on 1 September 2009 an ad hoc committee denied Argentina’s application to annul an ICSID tribunal’s previous decision awarding Azurix approximately US$165 Million for breach of Argentina’s obligations under the US-Argentina Bilateral Investment Treaty.
British water giant Biwater cannot use an investment treaty to make Tanzania pay millions for an abrogated water privatization contract, an international tribunal ruled in July.
Critics of CAFTA say it was no coincidence that the anti-terrorism legislation was enacted six months after the trade agreement. Update on the case against the Suchitoto 13.