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UNCITRAL and ISDS reform: Pluralism and the plurilateral investment court
The investment treaty system is likely to be marked by the co-existence of investor-state arbitration and an international investment court, leading to pluralism rather than a dichotomous either/or choice or a clear before-and-after moment.
UNCITRAL and ISDS reform: Not business as usual
This Working Group was not “business as usual” because it was much more government-led than is typical of UNCITRAL Working Groups and it started out with a vote instead of conforming to UNCITRAL’s typical approach of working by consensus.
Sitting International Court of Justice judges worked as arbitrators in at least 90 investor–state cases: study
IISD researchers identified 90 investor–state dispute settlement (ISDS) cases in which sitting ICJ judges have worked–or are currently working–as arbitrators. The true number may be higher given that many ISDS cases are not public.
UNCITRAL deliberates possible reform of investor-State dispute settlement
Working Group III of the United Nations Commission on International Trade Law (UNCITRAL) began its deliberation on possible reform of investor-State dispute settlement (ISDS).
Mongolian government loses legal dispute over copper mine nationalization
Mongolian Copper Corporation to seek compensation through international arbitration over the Mongolian government’s alleged breach of international rules on investors’ rights.
Rusoro obtains $1.3 billion judgment against Venezuela in Canada
Rusoro Mining Ltd. has announced that it has obtained a judgment against the Republic of Venezuela in the Superior Court of Justice in Ontario, Canada, of over US$1.3 billion.
PCA press release: Aeroport Belbek LLC and Mr. Igor Valerievich Kolomoisky v. the Russian Federation
Hearing on the merits and remaining issues of jurisdiction and admissibility held in The Hague.
World court for corporations is a “wolf in sheep’s clothing” – new report exposes dangers of proposed multilateral investment court
A new report released today warns that the European Commission’s proposed Multilateral Investment Court threatens to lock in an undemocratic investor-state dispute settlement scheme that undermines national democratic authority.
Facilitating the Belt and Road: CIETAC launches investment arbitration rules
As China’s Belt and Road Initiative continues to gain momentum, the CIETAC investment arbitration rules are designed to offer an alternative institution and rules to resolve disputes between investors and states.
Tea Party Koch brothers sue Venezuela over $400 million expropriation
The Koch Brothers have filed suit in Federal District Court in Washington, D.C., to collect a $409 million ICSID award against Venezuela.