The signatories of this letter wish to express their rejection of this decision and their support for the people of Ecuador and the organizations that have defended the communities affected by Chevron Texaco.
Ecuador found liable for violating international law, supporting fraud and corruption.
A US arbitration court has rejected a German government petition that said the panel had no right to rule on a damages claim by Sweden’s Vattenfall. Berlin cited a ruling by the Court of Justice of the European Union.
Latin American countries have been respondents in approximately 30 per cent of all International Centre for Settlement of Investment Disputes (ICSID) cases.
Following the arbitral proceedings at the ICC, the government still faces another dispute relative to the Malampaya case at the ICSID, pursuant to the Philippines-Netherlands Bilateral Investment Treaty. Hearings are scheduled October 23-24 this year.
The Spanish group will seek an agreement with the country to recover normality at the Damietta plant.
Already faced with an arbitration case at ICSID brought by the company’s former owner, Morocco now faces another started on August 22 by giant US asset management group Carlyle.
Some in Lopez Obrador’s team are said to want energy excluded. Negotiators concerned backtracking on oil could derail talks.
An obscure agreement – the Energy Charter Treaty – allows energy firms to sue countries who take action to stop climate breakdown.
ConocoPhillips and Perenco try to stop £140m levy from sale of oilfields in key case for tax avoidance by multinationals.
An arbitration tribunal found that Spain’s electricity reforms breached its obligation to accord to the investor fair and equitable treatment under the Energy Charter Treaty
US energy company is seeking $350m in compensation in so-called ISDS case over gas turbines in Pilbara.
Canadian Foreign affairs minister is asking for a NAFTA review into what she calls “unfair and illegal” 30 per cent American tariffs imposed on Canada’s solar panel manufacturers.
The fifth round of talks not only covered discussions on trade in goods but also the trade of services, investments, and other forms of cooperation. Among the specific issues discussed were energy and raw materials.
Enagás has requested a proceeding before the ICSID against the Peruvian state after negotiating for six months without success to reach a friendly agreement in relation to the company’s investment in the Peruvian South Gas Management Project.
Millennium Bulk Terminals’ parent company is ramping up lobbying spending related to trade talks with Canada and Mexico as part of a bold effort to get its blocked coal terminal in Longview approved.
NAFTA is a corporate rights agreement, not a free-trade agreement in the original sense.
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.
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.”
Canada is hamstrung by a little-known NAFTA clause that packs a huge climate punch and gives the US first access to most of Canada’s oil and natural gas.