Category:News
Churchill Mining files international arbitration against Indonesia
Source: Proactiveinvestors.com.au May 24, 2012 by Andre Lamberti Churchill Mining (LON:CHL) said it has now filed for international arbitration in its dispute regarding the East Kutai coal project (EKCP) in Indonesia, 75 per cent owned by Churchill. It has filed a claim yesterday, May 22, at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, …
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Bolivia terminates bilateral investment treaty with U.S. as Pakistan questions FIPA negotiations with Canada
Source: The Council of Canadians By Stuart Trew, Thursday, May 24th, 2012 On May 23, the United States government posted this simple message to its Federal Register: The Government of Bolivia has delivered to the United States a notice of termination for the bilateral investment treaty between the two countries, a termination that will take effect on June 10, …
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Top Democrats Push Obama on Capital Controls
Source: Huffingtonpost.com 05/25/2012 Sarah Anderson, IPS Global Economy Project Director At a point in the election season when politicians of the same party tend to sweep their differences under the rug, two senior Democrats have sent a strong letter to the Obama administration on a subject unknown to most American voters. This is the issue of …
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Lone Star Funds Notifies South Korean Government of Intent to File Arbitration Claim Regarding Korea Exchange Bank and Other Investments
Source: Prnewswire.com DALLAS, May 28, 2012 /PRNewswire/ — Lone Star Funds (“Lone Star”) confirmed today that it has notified the South Korean government of its intention to initiate arbitration of its claim for damages suffered as a result of the Korean government’s unlawful interference with Lone Star’s rights as the major shareholder of Korea Exchange Bank …
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Eminent Jurists Say ‘No’ to Investor Right to Sue in TPP
Source: Tpplegal.wordpress.com By tpplegal on May 7, 2012 More than 100 jurists from New Zealand and other countries currently or potentially engaged in the Trans-Pacific Partnership negotiations, including some of their most eminent lawyers, have sent an open letter to the negotiators calling for the right of investors to sue governments directly to be excluded from the TPP. To date, …
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Multiple Countries Rejecting Investor State Dispute Settlement
Source: SIERRA CLUB CANADA Submitted by Janet Eaton on Thu, 2012-04-12 19:20 By Janet M Eaton, Phd. April 12th, 2012 There appears to be a growing awareness that NAFTA-style foreign investor privileges and their private “investor-state dispute system [ISD] ,which have been among the most controversial aspects of past US trade deals, should be rejected in trade …
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The costs of ICSID arbitration and the consequences for the enjoyment of social rights in El Salvador
February, 2012 By the Foundation for Studies on the Application of Law (FESPAD, a Member of the National Roundtable on Metallic Mining in El Salvador)[1] [2] The legal proceedings initiated by the mining company Pacific Rim[3] against the Salvadoran state before the International Center for the Settlement of Investment Disputes (ICSID), is today waiting on a resolution. …
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The United States, European Union and International Investment
Source: Gmfus.org by Peter H. Chase Summary: The economic relationship between the United States and the European Union (EU) is unique as it is based on investment rather than on trade. Yet, in a sense they have no investment relationship: while the United States has investment treaties with most of the EU’s 27 member states, it …
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Venezuela faces growing load of arbitration cases
Source: Boston.com By Ian James Associated Press / October 9, 2011 CARACAS, Venezuela—As President Hugo Chavez seizes ever more private property in his push to build a socialist system, foreign companies are squeezing Venezuela’s resources by filing claims for billions of dollars in compensation. Heavyweights such as U.S. oil giant Exxon Mobil Corp. as well as smaller companies …
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Friends of the Earth denounces passage of unjust trade agreements
Source: Friends of the Earth Thursday, October 13, 2011 Friends of the Earth denounces passage of unjust trade agreements President Obama broke his campaign promises in backing Bush-era trade pacts that repeat mistakes of NAFTA WASHINGTON, D.C. — With President Obama’s backing, Congress yesterday passed trade agreements with South Korea, Colombia and Panama that are based on …
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