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This enables multinationals to sue states under private arbitration courts, bypassing the public tribunals available to one and all.
The anti-Ceta movement in Wallonia and elsewhere was worried about a system of arbitration courts not being independent enough from the pressures of big business.
And although the 55,000 former minority shareholders in Yukos did not directly benefit from the ruling, the court's decision will give momentum to the many individual cases working their way through civil and arbitration courts on their behalf.
El Salvador amended its investment law last year, so that companies with complaints have to go through local courts instead of international arbitration courts, though this does not apply retrospectively and has no impact on the current case.
The dispute is now in the arbitration courts.In Bolivia, three big cities, La Paz, Santa Cruz and Cochabamba, all devised schemes to improve chronically deficient water supplies (in a country with above-average rainfall).
And, mostly because lump-sum awards are traditional in arbitration, courts are OK with them.
Similar(51)
Astana-Würth appealed to the arbitration court.
The arbitration court of the German Sports Federation proposed the settlement last weekend.
In May it filed a case with the international arbitration court to stop it.
A common database of all arbitration court decisions is presently operational and accessible to all.
At one point, Tractebel asked an international arbitration court to force regulators to increase the rates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com