June 2009 - News and Commentary - Investment Treaty News (ITN)

Norway shelves its draft model bilateral investment treaty

By Damon Vis-Dunbar 8 June 2009 Norway has abandoned a draft model bilateral investment treaty (BIT), following public input that was largely critical. The draft text of the model BIT, released to the public in December 2007, features a number of innovations...

Published Mon, Jun 08 2009 10:07 AM by Damon Vis-Dunbar

Filed under: model bilateral investment treaty, Norway

Waguih Elie George Siag and Clorinda Vecchi v. Arab Republic of Egypt: A Question of Nationality?

By Elizabeth Whitsitt 8 June 2009 On 1 June 2009 an ICSID tribunal found the Arab Republic of Egypt liable to Mr. Waguih Elie George Siag and Mrs. Clorinda Vecchi for damages totaling more than US$74 million plus interest after finding that Egypt violated...

Published Mon, Jun 08 2009 3:29 AM by Damon Vis-Dunbar

Filed under: Egypt, Waguih Elie George Siag and Clorinda Vecchi v. Arab Republic of Egypt, nationality

US forestry company and Canada dispute British Columbia logging regulations

By Elizabeth Whitsitt 8 June 2009 Oral hearings were held in May over a claim by an American forestry and land management company against the Government of Canada for damages of US$25 million for alleged breaches of NAFTA Chapter 11. At the heart of Merrill...

Published Fri, Jun 05 2009 7:55 AM by Damon Vis-Dunbar

Filed under: Canada, NAFTA Chapter 11, Merrill & Ring

Recently Published: A Thirst For Distant Lands: foreign investment in agricultural land and water

Recently Published: A Thirst For Distant Lands: foreign investment in agricultural land and water http://www.iisd.org/pdf/2009/thirst_for_distant_lands.pdf A new paper published by the International Institute for Sustainable Development (IISD), and authored...

Published Fri, Jun 05 2009 7:51 AM by Damon Vis-Dunbar

In brief: Suspension extended in Piero Foresti, Laura de Carli and others v. Republic of South Africa

By Damon Vis-Dunbar 8 June 2009 European claimants and the government of South Africa have agreed to extend the suspension of their ICSID arbitration. The high-profile case was suspended at the end of March for two months, as the parties seek to resolve...

Published Fri, Jun 05 2009 7:48 AM by Damon Vis-Dunbar

Filed under: Piero Foresti, Laura de Carli and others v. Republic of South Africa

NGOs claim the Philippine-Japan free trade agreement is unconstitutional

By Damon Vis-Dunbar 8 June 2009 A petition lodged with the Philippine Supreme Court by non-governmental organizations (NGOs) argues that the investment chapter of the Japan-Philippines Economic Partnership Agreement (JPEPA) violates the Philippine constitution...

Published Fri, Jun 05 2009 7:35 AM by Damon Vis-Dunbar

Filed under: Economic Partnership Agreement, Philippines, Japan

Ecuador continues exit from ICSID

By Fernando Carbrera Diaz 8 June 2009 Ecuadorian president Rafael Correa announced on May 30 that his country would be denouncing the International Centre for Settlement of Investment Disputes (ICSID), calling the World Bank’s arbitration facility...

Published Fri, Jun 05 2009 7:32 AM by Damon Vis-Dunbar

Filed under: ICSID, Ecuador

Ecuador defies provisional measures in dispute with French oil company

By Damon Vis-Dunbar 8 June 2009 An ICSID tribunal authorized provisional measures on May 8th in an effort to stop the Government of Ecuador from seizing assets belong to the French oil company Perenco. Nonetheless, the state-owned Petroecuador attempted...

Published Fri, Jun 05 2009 7:29 AM by Damon Vis-Dunbar

United States reviews its model bilateral investment treaty

By Damon Vis-Dunbar 5 June 2009 The United States has embarked on a review of its model bilateral investment treaty (BIT). Last updated in 2004, the US closely adheres to the model in its BIT negotiations with other countries. The BIT review follows campaign...

Published Fri, Jun 05 2009 7:25 AM by Damon Vis-Dunbar

Filed under: United States, model bilateral investment treaty

June 2009 - News and Commentary

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