ISDS Case Map
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The European Commission’s focus on ISDS has been so intense that far-reaching reform has been portrayed by many as inevitable. The Commission’s proposal is for the development of a multilateral investment court system (MIC).
US oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba.
Rosia Montana Gold Corporation entered a dispute with the Romanian state at the ICSID after the mining project was blocked as the site was declared a historic monument.
The company exaggerated its future profits by underrating tax and royalty obligations by as much as 61 per cent, officials said.
The legal action was the latest in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the nationalization.
The working group continued its deliberations on identification of concerns in the field of ISDS, as contemplated in the first part of the mandate.
A Federal Court ruling in favour of an American company that is seeking millions in damages from Canada has prompted environmental groups to renew their calls for Ottawa to push to scrap the NAFTA Chapter 11 investor-state dispute resolution system during the ongoing free trade renegotiations with the United States and Mexico.
Russia notified the PCA in 2015 that the bilateral Russian-Ukrainian investment agreement of 1998 "can not serve as the basis for the formation of arbitration for the settlement of the dispute".
Rusoro Mining has filed lawsuits in the US and Canada to seek compensation via the monetisation of Venezuela’s assets amounting to approximately $1.34bn in connection with the nationalisation of its gold mining assets in Venezuela.
This is a crucial moment in international investment policymaking. Two factors have converged, calling for a new direction.
