ISDS Case Map
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The minister of culture says that the government has proposed the delay of the inclusion of Rosia Montana in the UNESCO World Heritage list until there is a final ruling in the case opened by Gabriel Resources against Romania.
Due to the failure of the caretaker government to deposit Rs15 billion security guarantee, a stay order in favour of Pakistan on the execution of the $846 million arbitration cost awarded to the Turkish firm, Karkey Karadeniz Elektrik Uretim has been vacated.
TACD’s resolution recommends that rather than pursuing procedural changes through a MIC at the global level, the EU and US should refrain from including investor-state dispute settlement in any form from any agreement.
The Energy Charter Treaty was recently described, somewhat ominously, as “one treaty to rule them all”—ever-expanding and giving the power to corporations “to halt the energy transition.”
Company is seeking $4.4bn in compensation for alleged losses related to its Rosia Montana gold and silver project, which Romania refused to approve following relentless protests.
Ten photovoltaic energy producers filed a request for arbitration proceedings against the Romanian government at World Bank’s International Centre for Settlement of Investment Disputes.
New report exposes how the little-known Energy Charter Treaty gives corporations the power to halt the energy transition. And how it is being expanded, threatening to bind yet more countries to corporate-friendly energy policies.
Pakistan may be at the risk of new investment arbitration lawsuits if it formally signs an international Energy Charter Treaty (ECT) under which powerful investors have already sued other states for $35 billion at various global tribunals.
A Swedish appeals court reversed the ruling of the Stockholm arbitration tribunal in the legal action filed by Spanish shareholders of Russian oil and gas company Yukos against Moscow.
The high costs and potentially high damages characteristic of ISDS cases have made it a new and highly attractive market for third-party funding.
