ISDS Case Map
ICSID
International Centre for Settlement of Investment Disputes (World Bank)
Tanzania and an Australian-based company Indiana Resources Limited have settled for USD 90 million.
The US company is appealing under CAFTA (Central American Free Trade Agreement) for the invasion of its property in Jinotega and the destruction of its avocado and other orchards.
Honduras’ withdrawal from the World Bank investor dispute forum could have a limited practical effect, but it is already read along ideological lines.
On 21 April 2024, the government of Daniel Noboa is holding a referendum in Ecuador to amend the country's constitution and, in particular, to reactivate the dangerous investor-state dispute settlement mechanism.
International investment agreements enable corporations to sue foreign governments for loss of profits. The sums they demand can be so huge that even the threat of a claim is enough to make governments cave in.
After the Honduran president repealed a law granting unfettered authority to outside investors, the cryptoquistadors took the dispute to a World Bank arbitration court.
85 leading economists “commend” Honduras’ decision to quit international court that prioritises “corporate profit” over “sustainable development”.
On February 24, 2024, the World Bank received a written notice of denunciation of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) from the Republic of Honduras.
Mozambique faces a substantial economic risk due to its exposure to investor-state dispute settlement (ISDS) claims by foreign investors in its coal, oil, and gas sectors. The investment protections in the country’s international investment agreements and contracts, combined with ISDS, expose Mozambique to multi-billion-dollar financial liabilities.
Indiana Resources is closer to recovering its historical sunk investment for the unlawful expropriation of the Ntaka Hill nickel sulphide project after the ICSID struck out most of Tanzania’s grounds for requesting the annulment of the award.
