ISDS Case Map
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A decision by the Federal Court of Canada should spell the end of the NAFTA renegotiation on the investment Chapter of NAFTA, and ignite a renegotiation of the investment chapters of the Canada-EU trade agreement and the CPATPP.
Whilst there is a plethora of literature on BIT protection, relatively little is known on how the OIC Agreement can assist investors.
In the order, Justice Manmohan, however, noted that the Centre could approach the UK arbitration tribunal under the BIPA for its grievances.
PACC Offshore Services Holdings has filed a notice of arbitration against Mexico under the bilateral investment treaty between the United Mexican States and Singapore governments.
US oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country.
Environmental law experts are concerned about the broader implications of a recent federal court dismissal of Canada’s application to overturn a NAFTA tribunal ruling.
The ISDS system impedes on national sovereignty to the benefit of corporations, yet places no obligations on investors to behave responsibly, creating an asymmetric system that gives multinationals the same rights as sovereign states.
The US-based private equity firm Carlyle, is suing the Moroccan government for over USD 400 million in the ICSID, claiming the sum is equivalent to the profit lost when Morocco’s sole refinery went bankrupt three years ago.
According to an official at the ministry, the fund can file the ISDS after a 90-day "grace period," as it is stated in the Korea-U.S. Free Trade Agreement.
Since 1973, the sovereign islands of the Caribbean Sea, have concluded over 140 international investment agreements. The ICSID Convention is in force in all islands except Antigua & Barbuda, Cuba, Dominica, and the Dominican Republic.
