Philip Morris Ukraine, a large tobacco manufacturer, will file a motion with the ICSID in response to the decision of the Antimonopoly Committee of Ukraine on a UAH 1.2 billion fine.
Whether a UK deal with an ’America First’ president, or Biden’s more traditional global trade stance, battles ahead are likely if Britain is to protect its NHS and avoid higher drug prices.
American pharmaceutical companies should get access to the NHS in a UK-US trade deal, according to the chair of the Senate committee that approves trade agreements.
Our call to suspend all ISDS cases during and beyond the COVID-19 crisis.
American capital brought high rates of chronic disease to Mexico which has led to a surging COVID-19 death toll.
People around the world need to be aware of precedents in recent trade agreements and ensure that they also work for access to medicines for their own citizens.
Tensions are likely to surface between the public-policy directions of governments managing a challenging economic climate and foreign investors’ private interests.
With state measures in response to COVID-19 being compounded by an already difficult economic environment for investors, they may have little choice but to challenge those measures.
In response to the COVID-19 pandemic, governments globally are engaging in a difficult balancing act of protecting public health, mitigating economic damage and avoiding interference with private rights.
Latin America’s battle with COVID-19 hampered by investment arbitration cases.
Recent jurisdictional decisions suggest that sovereign debt will be subject to bilateral investment treaties for the foreseeable future.
Predatory international law firms are encouraging multimillion-dollar investor-state dispute settlement (ISDS) lawsuits citing Covid-19 containment, relief and recovery measures.
COVID-19 can increase liability for countries under international investment treaties. Developing countries face imminent challenges under such treaties.
Already, Mexico’s progressive reforms have made it an ISDS target. First Majestic, a Canadian silver mining company has been threatening Mexico for the last few years, under NAFTA’s Chapter 11.
For Mexican workers, farmers, and the poor, the pandemic and the new treaty replacing NAFTA are a devastating one-two punch.
Corporations are busy weaponising obscure legal instruments to sue government for their actions to save lives and jobs during the coronavirus crisis.
Amidst the global risk of ISDS claims, it is incumbent to shed light on Bangladesh’s BIT structure and its feasibility to confront ISDS claims in the backdrop of Covid-19 regulatory space.
Countries could be facing a wave of cases from transnational corporations suing governments over actions taken to respond to the Covid pandemic using a system known as investor-state dispute settlement, or ISDS. Some 630 organisations from across the world, representing hundreds of millions of people, are calling on governments in an open letter to urgently take action to shut down this threat.
The Transpacific Partnership Agreement involves investor - state dispute settlement clauses, which large companies may use ISDS to sue governments for actions they took to stop the spread of the virus.
Without real protection for the NHS in any future trade agreement, we can only see bad news for patients, taxpayers and Health Boards around the country.