AGREEMENT FOR THE TERMINATION OF INTRA-EU BITS ENTERS INTO FORCE

    On 29 August 2020, the Agreement for the Termination of Bilateral Investment Treaties (the “BITs”) between the Member States of the European Union (the “EU”) (the “Termination Agreement”) entered into force. As discussed in one of our previous blog posts, the Termination Agreement was signed on 5 May 2020 by 23 EU Member States. In … Read more

    NAVIGATING THE LOW OIL PRICE ENVIRONMENT PODCAST: HOW INVESTMENT TREATIES CAN PROTECT FOREIGN INVESTMENTS AGAINST STATE ACTION

    Oil prices have recently reached historic lows and oil companies are faced with a number of potential legal issues as the prices impact their trading and operational agreements. In this podcast series, our energy disputes lawyers consider some of the key issues triggered by the current low oil price environment. Even investments into relatively stable … Read more

    The USMCA or “NAFTA 2.0” came into force on 1 July 2020

    The US-Mexico-Canada Trade Agreement (USMCA), the replacement to the North American Free Trade Agreement (NAFTA), entered into force on 1 July 2020. Background On 24 April, 2020 the United States Trade Representative issued a press release confirming that all three NAFTA member states had notified the other parties, in writing, that they had completed the … Read more

    Settlement of Nissan’s investment treaty claim against India

    India has in the past several years become involved in a considerable number of investment treaty claims by foreign investors.  While public data is not always available or accurate, the United Nations Conference on Trade and Development (“UNCTAD”) website, lists more than a dozen pending cases where India is respondent. This number seems to have … Read more

    REPUBLIC OF DJIBOUTI RATIFIES ICSID CONVENTION

    On 9 June 2020 the Republic of Djibouti became the 155th state to ratify the ICSID Convention on the Settlement of Investment Disputes between States and Nationals of Other States (“the ICSID Convention”) following the depositing of its instrument of ratification with the World Bank. The ratification follows Djibouti’s signing of the Convention in April … Read more