Discover and read the best of Twitter Threads about #multinvcourt
Most recents (4)
Aus-UK FTA on investment - while the treaty maintains investment protections, private direct enforcement via investor-State arbitration is out.
Press: gov.uk/government/pub…
Press: gov.uk/government/pub…
An interesting add on secondary sanctions that can impact firms abroad.
The question to ask - will the UK entertain ISDS when it negotiates with a lower-income, capital-importing country. I think the next few on the docket are all with high-income countries. But note, Japan and the EU/MS still want some private direct enforcement in.
When we think of #ISDS, there seems to be no shortage of heated disputes regarding the legitimacy of this dispute settlement mechanism as a cog in the investment treaty regime. In the US, US politicians like Elizabeth Warren have spoken out fervently against ISDS.
The Walloons launched an assault against CETA. And as @vonderburchard reported in 2016, this was largely due to ISDS. isds.bilaterals.org/?walloon-parli…
But what about the perspective of African nations towards the investment treaty regime and, in particular, ISDS? This is a complex question. As Ian Solomon notes, “any aggregate portrait of the continent obscures its heterogeneity”. foreignaffairs.com/reviews/review…
Finally able to give serious read @AntheaERoberts @taylor__stjohn recent sum-up of UNCITRAL WGIII talks (TL/DR: take up the pen). The desire to stop high level talks and move to details is a great way to move forward; analogy is to writing - at some point you need to just start.
What is very interesting is the marriage of 2 points by these scholars: 1) EU&MS/Switzerland proposal for text via informal sessions before taking text to broader group; 2) focusing next time on "WHO texts as well as HOW and WHEN that texting occurs."
Its inescapable to compare to WTO struggle to cooperate multilaterally and urgent questions on legality of joint initiatives plus longstanding concerns of developing countries with informal, green room talks. I suspect we will see similar concerns rise up in investment context.
¿Has oído hablar del Tribunal Multilateral de Inversiones? #MultInvCourt
Una especie de corte mundial para ampliar los privilegios de las corporaciones transnacionales. Se negocia en la Comisión de Naciones Unidas para el Derecho Mercantil (#UNCITRAL).
Abro hilo ⤵️ #StopISDS
Una especie de corte mundial para ampliar los privilegios de las corporaciones transnacionales. Se negocia en la Comisión de Naciones Unidas para el Derecho Mercantil (#UNCITRAL).
Abro hilo ⤵️ #StopISDS
1⃣ Los acuerdos de comercio e inversión representan una forma para que las empresas multinacionales y millonarios se enriquezcan a costa de la gente de a pie. Eso es lo que la UE ha hecho durante 50 años con el mecanismo de ‘solución de controversias inversor-Estado’, o #ISDS.
2⃣ El arbitraje de inversiones o mecanismo de ‘solución de controversias inversor-Estado’ es un privilegio especial del que han abusado muchas multinacionales. Es un aspecto desconocido de los tratados comerciales para gran parte de la sociedad. #StopISDS cuartopoder.es/economia/2019/…
