March 22, 2023

World Bank arbitration mechanism ICSID rules in favour of El Salvador

From Brettonwoods Project SUMMARY ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit. In October 2016, the International Centre for Settlement of Investment Disputes (ICSID), a World Bank arm for investor-state dispute arbitration, announced that the […]

El Salvador ruling offers a reminder of why the TPP must be defeated

By Robin Broad and John Cavanagh From The Nation Obama is waging a full-court press to pass the unpopular trade treaty after the November elections. If you needed one more reason to take sides in the last great fight of the Obama years, that of the corporate giveaway package known as the Trans-Pacific Partnership (TPP), […]

World Bank favours El Salvador in $250m mining dispute

From enca WASHINGTON – A World Bank arbitration panel on Friday found in favour of El Salvador in a $250 million(about R 3.5 billion) dispute brought by a mining company over a gold concession. The panel at the International Center for Settlement of Investment Disputes also awarded legal costs to the Central American country, finding […]

English court upholds obligation to hold “friendly discussions” before arbitration

By: Jeremy Andrews Nick Marsh Elinor Thomas From DLA Piper International Arbitration Newsletter 22 SEP 2014: In a recent decision, the English Commercial Court has upheld the enforceability of a clause requiring the parties to seek to resolve a dispute by “friendly discussions” prior to commencing arbitration. The decision contrasts with previous authority regarding the […]