ITN Quarterly February 2016

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Features

• TTIP and Climate Change: Low economic benefits, real climate risks
• Is ISDS in EU Trade Agreements Legal under EU Law?
• State Strategies for the Defence of Domestic Interests in Investor–State Arbitration

News in Brief

• Trans-Pacific Partnership agreement signed in Auckland; UN independent expert calls on states to safeguard regulatory space
• Ecuador’s audit on investment treaties: CAITISA reports leaked
• Standing tribunal included in European Union–Vietnam FTA
• Germany’s judges and public prosecutors reject proposed investment court system in TTIP
• Commission attempts to reopen CETA negotiations with Canada to revisit ISDS
• UNASUR Arbitration Centre one step closer to being established
• TransCanada initiates NAFTA arbitration against the United States over rejection of Keystone XL pipeline
• Philip Morris fails in PCA arbitration against Australia over plain packaging laws
• European Commission gives in to pressures for increased transparency of TTIP texts

Awards and Decisions

• ICSID tribunal dismisses final claim for compensation in relation to Hungary’s 2008 termination of power purchase agreement
• Tribunal dismisses all claims by U.S. mining investor against Oman
• ICSID tribunal declines jurisdiction in case against Macedonia and orders investor to reimburse 80% of Macedonia’s legal fees and expenses
• Quiborax awarded US$50 million against Bolivia, one-third of initial claim

Resources and Events