Is This Why Labour Wants A Buy Back Fund? We Are Signed On To The International Centre For Settlement Of Investment Disputes

In my previous post I talked about the International Centre For Settlement of Investment Disputes as a tool to be able to fine sovereign states who want to Re-nationalize their assets.              I have always wondered at the lack of firm political stance from the Labour party on the subject […]

Venezuela Fined For Nationalizing Their Own Oil. This Is What The TPPA Will Do To New Zealand

On Thursday 9 October, a three-member arbitration panel for the conveniently Washington-based International Centre For Settlement of Investment Disputes (ICSID) ordered South American country to pay $1.5 billion to oil giant Exxon for the 2007 expropriation of assets.  Not only has the ICSDID awarded this fine but Venezuela is battling another 20 or so similar […]