About the Project

The Network for Justice in Global Investment is a joint effort by citizens and organizations in a variety of countries to challenge one of the most anti-democratic aspects of the global economic order – the rules governing international investment. Read More.

Multimedia

Argentina faces 65bn dollars in claims; plans to abandon international litigations court

Source: En.mercopress.com

November 28, 2012

Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.

Among the 42 claims are five in which the International Centre for Settlement of Investment Disputes,

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Putting a Spotlight on the Arbitration Industry

Source: Triplecrisis.com

November 28, 2012

Nick Buxton and Cecilia Olivet, Guest Bloggers

“There is little use in going to law with the devil while the court is held in hell.” These words from an unlikely source – Humphrey O’Sullivan, a 19th Century Irish schoolmaster  – became a widely used argument by multinational companies in the last decade as they justified the construction of an

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Arbitration lawyers modern day ambulance chasers

Source: Troymedia.com

November 27, 2012

BRUSSELS, Nov. 27, 2012/ Troy Media/ – The recent debate surrounding the proposed Canada-China investment agreement (FIPA) has brought to light some of the enormous financial, environmental and social costs of investor lawsuits against states. But the legal industry that has profited handsomely from the investor-state arbitration boom has remained largely obscured from view.

Profiting from Injustice, a new

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Profiting from Injustice: How law firms, arbitrators and financiers are fuelling an investment arbitration boom

Source: TNI

27 November 2012

Cecilia Olivet / Pia Eberhardt

A small club of international law firms, arbitrators and financial speculators are fuelling an investment arbitration boom that is costing taxpayers billions of dollars and preventing legislation in the public interest.

Download the report Profiting from Injustice (pdf, 1.1MB)

Download Executive summary in English, German, Dutch, French, Spanish

The last two decades have

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Trade Deal Between U.S. and Europe May Come to the Forefront

Source: Nytimes.com

By Jack Ewing

November 25, 2012

FRANKFURT — A free-trade agreement between the United States and Europe, elusive for more than a decade but with a potentially huge economic effect, is gaining momentum and may finally be attainable, business and political leaders say.

Arduous negotiations still lie ahead, but if technical hurdles can be overcome, supporters of a pact argue, it

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The Emerging Crisis of Investment Treaties / South Centre Bulletin

Source: Southcentre.org

South Centre, Issue 69, 21 November 2012

This issue of South Bulletin focuses on the emerging crisis of investment treaties. An epidemic of international legal suits taken by companies against governments for billions of dollars is causing public concern and leading to reviews of international investment treaties.

Articles on this issue include:

The emerging crisis of investment treaties – by Martin Khor

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US, ASEAN nations start trade initiative

Source: News.asiaone.com

Nov 20, 2012

WASHINGTON – President Barack Obama and southeast Asian leaders launched an initiative aimed at expanding trade and investment ties between the United States and 10 countries in southeast Asia, the White House said on Monday.

The countries announced the start of the process at a meeting of the Association of Southeast Asian Nations, or ASEAN, in Cambodia, where Obama

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Wind farm files $475 million NAFTA claim over Ontario offshore moratorium

Source: Thestar.com

November 23, 2012

John Spears Business Reporter

A wind energy company says it wants $475 million in damages because Ontario’s moratorium on offshore wind farms has thwarted its project.

Windstream Energy LLC quietly filed a notice last month of its intent to file a claim under the North American Free Trade Agreement (NAFTA) for lost profit.

Windstream wants to develop a 300-megawatt

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EU trade chief calls on Mexico to reopen trade pact with Europe

Source: Uk.reuters.com

Nov 13, 2012

(Reuters) – Europe and Mexico need to go back to the negotiating table to rework their 12-year-old free-trade agreement to include services and agriculture, the European Union’s top trade official said on Monday.

EU Trade Commissioner Karel De Gucht said Mexico and Europe needed to rework their trade pact, which was signed in 2000, to match the framework of

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U.S. firm to launch NAFTA challenge to Quebec fracking ban

Source: The Globe and Mail

By Jeff Gray

15th November 2012

A U.S.-incorporated energy firm, Lone Pine Resources Inc., is taking on Quebec’s stand against fracking, saying it violates the North American free-trade agreement and demanding more than $250-million in compensation.

Lone Pine Resources Inc., headquartered in Calgary but incorporated in Delaware, disclosed in a filing with the U.S. Securities and Exchange Commission this

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Why Australia walked away from investor state rights in trade deals – And why Canada should too

Source: Bilaterals.org

By Troy Media and Thomas Faunce

14th November 2012

Editor’s note: Much of the debate surrounding the Canada-China trade deal revolves around the dispute settlement clause in the deal. We contacted Professor Thomas Faunce of the Australian National University in Canberra to tell us why the Australian government decided to discontinue the practise of seeking inclusion of investor state dispute settlement provisions in

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Harper’s folly is El Salvador’s tragedy: Friends of the Earth visits the Canadian Embassy to protest Pac Rim gold mine fiasco

Source: Friends of the Earth

Date: 14th November

By Bill Warren

On Monday, November 12, I joined representatives of several environmental and public interest groups gathered in front of the grandiose and distinctly odd Canadian Embassy, which occupies one of the most prominent sites in D.C. on Pennsylvania Avenue, just down the hill from the Capitol and across the street from

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“What is Happening to Canada’s Good Name?” (Pacific Rim v El Salvador)

Source: Stopesmining.org

November 19, 2012

As Pacific Rim pushes forward with its law suit for $77 million against the Salvadoran government, environmental, policy and trade organizations visited the Canadian Embassy in Washington on November 12th  to talk about the threats posed by Canadian companies in El Salvador.  According to a letter addressed to the Canadian Ambassador, the goal of the visit was to “urge

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Company Seeks Nafta Cover After Quebec Says ‘Non’ to Shale Gas

Source: Blogs.wsj.com

November 16, 2012

By Paul Vieira

Bloomberg

Much of the world—from Europe to China—is rushing to take advantage of technology pioneered in the U.S. that is unlocking vast new reserves of natural gas trapped in shale formations.

But so far, Canada’s French-speaking province of Quebec is saying non. Last year, it banned shale-gas exploration in parts of the Saint Lawrence Valley and

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Fracking Causes Friction Between Trade And Environment

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Dragging the TPP Out of the Shadows

Source: Democracyctr.org

November 15, 2012 Introducing the TPP

After failing to gain approval for the Free Trade Area of the Americas in 2005 following mass public mobilization, the focus of corporate-driven US trade policy shifted to bilateral and sub regional trade agreements. Dubbed ‘NAFTA on steroids’ by campaigners, the Transpacific Partnership (TPP) is one of the largest regional trade and investment agreements to date.

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Ottawa faces $250-million suit over Quebec environmental stance

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An Appeal to Canada to Stand with El Salvador, the First Nation to Halt Gold Mining

Source: Institute for Policy Studies

November 14, 2012 · By Manuel Perez-Rocha

Representatives from IPS and other environmental and public policy organizations hold meeting at Canadian Embassy to say, “Tell Pacific Rim to stop bullying El Salvador.”

I paid a visit this week to the Canadian Embassy with colleagues from the Institute for Policy Studies and other environmental and public policy organizations to

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Cargill says Mexico owes it $95 million in NAFTA dispute

Spurce: Chicagotribune.com

November 13, 2012

MEXICO CITY (Reuters) – U.S. agribusiness company Cargill Inc. filed a suit in a U.S. court on Tuesday to compel Mexico to pay a $94.6 million award over trade barriers the company says Mexico put up against high-fructose corn syrup from 2002 to 2007.

In its filing with the U.S. District Court of New York, Cargill says Mexico “adversely

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TPP poses challenges to Thailand’s financial sector: BOT

Source: Nationmultimedia.com

The Nation November 14, 2012

Though not opposing the Trans-Pacific Partnership (TPP), the Bank of Thailand raised concerns on the influence of such agreement on Thailand’s investment and capital flows. In a research written by Harit Rodprasert, a senior economist, the author expressec concerns in two main areas.

First, the policy space to keep capital flows in control. He noted that TPP

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We Stand with the People of El Salvador

Source: Earthworksaction.org

By Hilary Lewis

November 13, 2012

NGO cohort delivering the letter to the Canadian Embassy (Credit: Ron Carver)

Yesterday I helped deliver a letter to the Canadian Embassy here in Washington, DC, about the lawsuit against the Central American country of El Salvador, by Pacific Rim Mining Corporation. The letter was coordinated by the Institute for Policy Studies and signed by Friends

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