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Canada rescinds digital services tax after Trump suspends trade talks
Ottawa said Prime Minister Mark Carney and President Donald Trump had agreed to resume negotiations on a trade agreement and would aim to reach a deal by July 21.
Trading away tax sovereignty? How trade rules shape taxation of the digital economy in Africa
The advent of digital and data-driven business models has heightened the risks of tax base erosion and evasion, adversely affecting revenue generation, economic recovery, and advancement of tax justice in African economies. We develop a framework examining how trade rules on services, electronic transmissions, and digital products shape the ability of African countries to tax their digital economies.
No digital justice without fiscal justice
An international digital trade regime should respect and enable the fiscal sovereignty of all countries, including the right to tax cross-border digital services.
The financialisation of international investment law
The landscape of financial profiteering from investor-state dispute settlement claims.
S. Korea loses suit against int’l court ruling on compensation to Mason Capital over Samsung merger
South Korea has lost a lawsuit seeking to annul an investor-state dispute settlement (ISDS) ruling that ordered it to pay compensation to US hedge fund Mason Capital over losses from Samsung’s controversial 2015 merger of two units.
AB InBev takes on Peru over tax bill
The global beer brewing giant has filed an ICSID challenge to the Peruvian tax authority’s attempts to recover an outstanding tax bill and its refusal to allow refunds.
Tunisia to face sand mining claim
Minerali Industriali is taking action under the Italy-Tunisia bilateral investment treaty for alleged mistreatment related to its sand mining and processing business.
S Alam threatens int’l legal action against Bangladesh interim govt
Mohammed Saiful Alam, founding chairman and managing director of the Bangladeshi industrial conglomerate S Alam Group, has initiated legal proceedings as a Singaporean citizen to seek compensation for alleged financial losses.
US escalates efforts to halt Ottawa’s digital services tax
The Office of the United States Trade Representative has requested dispute settlement consultations with Ottawa under the Canada-US-Mexico trade agreement.
‘Political instability threatens AfCFTA implementation’
Political Instability and policy inconsistencies, among others, constitute barriers that threaten the success of the African Continental Free Trade Area Trade in Services Protocol.
S. Korea appeals tribunal order to pay $32m to US hedge fund
South Korea has filed an appeal against a ruling by a Hague-based arbitration court ordering it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015.
Eurohold and EIG launch EUR 500 mln arbitration proceedings against Romania
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
Government wins landmark international arbitration case against Laiki, Bank of Cyprus depositors
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal unanimously rejected a USD 600 million claim by depositors and bondholders of Laiki Bank and the Bank of Cyprus.
S. Korea ordered to pay Mason Capital 43.8 bln won in investor-state suit
An international tribunal ordered South Korea to pay 43.8 billion won (US$32 million) in compensation to US-based hedge fund Mason Capital in an investor-state suit the company filed over a controversial 2015 merger of two Samsung affiliates
Nigeria, UK to sign enhanced trade investment partnership agreement on Tuesday
Governments of Nigeria and the United Kingdom will, on Tuesday, sign the Enhanced Trade Investment Partnership (ETIP) Agreement to not just boost its trade volume but also reduce market access and regulatory barriers discouraging people from investing in either of both nations.
Nexo initiates international arbitration case against Bulgaria
Cryptocurrency-based financial services company Nexo has filed a case against Bulgaria in an international arbitration court in the USA.
Hong Kong investors plan AT1 action against Switzerland
Investors in Hong Kong are preparing to file a request for arbitration against the Swiss government for writing off the AT1 bonds issued by Credit Suisse, claiming the move was at odds with a bilateral investment treaty between the jurisdictions.
How wealthy corporations use investment agreements to extract millions from developing countries
When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
Al Habtoor group issues a notice of an investment dispute against Lebanon
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.
USD 12 billion dispute decided in Tunisia’s favour
A wrangle over a shareholding in a Tunisian bank which dates back to the 1980s has finally been resolved in arbitration.