Category:News
Calgary mining company threatens FIPA challenge against Costa Rica by October
Source: Blueplanetproject.net June 22, 2013 By Brent Patterson The Tico Times reports, “Canadian mining company Infinito Gold on (June 20) threatened Costa Rica with a billion-dollar lawsuit after the Constitutional Chamber of the Supreme Court, or Sala IV, rejected a company appeal to strike down an earlier court’s annulment of a mining concession for Las Crucitas, a planned open-pit …
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Calgary-based Infinito Gold Fails to Strong-arm Costa Rican Judiciary As Final Appeal Rejected by Supreme Court
Source: Common Frontiers-Canada – MiningWatch Canada – Council of Canadians – United Steelworkers July 04, 2013 (Ottawa) On June 19, 2013, the Constitutional Chamber (Sala IV) of Costa Rica’s Supreme Court unanimously rejected Infinito Gold’s appeal of the November, 2011 decision of the Court’s Civil and Administrative Law Chamber (Sala I) annulling the concession for the company’s …
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The Rights Clash:Mining in El Salvador exposes the contradiction between human rights and corporate rights under the international investment regime.
Source: Guernicamag.com July 15, 2013 By Danielle Marie Mackey Mining in El Salvador exposes the contradiction between human rights and corporate rights under the international investment regime. “This is practically an urban country. We’re talking about putting a mine in the middle of a city,” exclaimed Fr. Jose Maria Tojeira from the stage. “Imagine mining in …
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Mapping the World’s: Treaty Arbitrations Which sovereign nations are the favorite targets of investment treaty disputes?
Source: Americanlawyer.com The chart below shows the respondent nations that face the most arbitrations arising out of investment treaties or legislation. All arbitrations were active in 2011-2012 and involved at least $100 million in dispute. Argentina and Venezuela remain major targets, defending themselves in a slew of disputes over alleged expropriation of foreign investors’ assets. There …
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LETTER: Termination of bilateral investment treaties won’t harm relations
HE Business Day online article, South Africa gets tongue-lashing at SA-EU Business Forum, by Mark Allix on July 17 observed the remarks by the European Union Trade Commissioner, Karel De Gucht, at the second South Africa-European Union (EU) Business Forum in Pretoria.The record should be set straight. We have repeatedly stated that South Africa has and …
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European Union threats South Africa after the country cut BITs with EU member states.
Source: Bdlive.co.za Davies, EU in war of words over trade deals EUROPE’s trade chief on Wednesday delivered a blunt warning to South Africa about the future of its relationship with the European Union (EU), South Africa’s single largest trade partner. The warning was welcomed by European business leaders attending the South Africa-EU Business Forum, hosted by …
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Infinito Gold: the power of mining corporations in a poor country like Costa Rica
Costa Rica, July, 2013 By Jorge Coronado Marroquín[1]* Background to the Conflict The story of this mining exploration dates back to 1993 when the Canadian mining corporation Placer Dome obtained an exploration license from the Ministry of Environment and Energy. The Crucitas region where the project is located is, according to the company, one of …
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The world’s worst judicial system?
Source: Southcentre.org SOUTHNEWS No. 36, 30 July 2013 SOUTHNEWS is a service of the South Centre to provide information and news on topical issues from a South perspective. Visit the South Centre’s website: www.southcentre.org. More countries are realising how they are at the losing end of a biased arbitration system that is loaded against them in investment …
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Cost allocation in investment arbitration: Back toward diversification
Source: Vcc.columbia.edu Columbia FDI Perspectives Perspectives on topical foreign direct investment issues by the Vale Columbia Center on Sustainable International Investment Cost allocation in investment arbitration: Back toward diversification by Baiju S. Vasani and Anastasiya Ugale* In 2006, the Thunderbird tribunal, operating under the UNCITRAL Arbitration Rules, called for the harmonization of cost-allocation approaches in commercial and …
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Criticism of the million-dollar compensation by the Mexican government to multinational company, Abengoa
Source: Ecologistasenaccion.org June 21, 2013 A collection of ecological and social action groups – Ecologistas en Acción, l’Observatori del Deute en la Globalització (ODG), el Col-lectiu Respostes a les Empreses Transnacionals (RETS) y Enginyeria Sense Fronteres (ESF) – have rejected the decision of the International Centre for Settlement of Investment Disputes (ICSID) to compensate the Spanish …
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