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Source: The New York Times By THE ASSOCIATED PRESS Published: January 15, 2012 CARACAS, Venezuela (AP) — Venezuela plans to leave the World Bank’s international arbitration body and try to settle disputes with foreign companies within its own judicial system, Rafael Ramírez, the country’s oil minister, said Sunday. Mr. Ramírez also announced that Venezuela would seek to renegotiate dozens of international investment-related agreements. “We Source: Laprensagrafica.com El Salvador has faced a current suit by Pacific Rim and one that was thrown out by the ICSID. The pending arbitration demands that the country pay at least $77 million. By Keny López Monday, January 16, 2012 00:00 Translated by Jan Morrill Defending itself from two arbitration suits for not issuing mining exploitation permits has cost the country a little Source: Huffingtonpost.com Posted: 1/11/12 Sarah Anderson, IPS Global Economy Project Director With patriotic fanfare, the Obama administration announced this week that it would ban new uranium mining projects around the Grand Canyon. At a ceremony at the National Geographic Society in Washington, Interior Secretary Ken Salazar said the ban was “the right approach for this priceless American landscape.” He pointed out that millions of Source: Reuters.com By Daniel Wallis CARACAS | Sun Jan 8, 2012 (Reuters) – Venezuelan President Hugo Chavez said on Sunday that his country would not recognize any ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil Corp.Exxon took Venezuela to the World Bank’s International Center for Settlement of Investment Disputes, or ICSID, seeking as much as $12 billion in Source: GDAE Kevin P. Gallagher PERI Working Paper No. 278 January 2012 Download the working paper. Unstable global capital flows to developing countries have been characteristic of the world economy in the wake of the global financial crisis. Such flows have triggered asset bubbles and exchange rate appreciation in a number of emerging and developing country markets, especially from 2009 until the Eurozone jitters |
Dispute Resolution Between Governments and Foreign Investors: Does the Current System Work? Join us for an Online Debate 
How they threaten communities and the environment, and how we can change them.
We provide this documentation from the ICSID web page for a critical analysis. It includes the list of cases that this tribunal has filed and managed historically and until 2009.
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