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Juggling crises: Latin America’s battle with COVID-19 hampered by investment arbitration cases

Global Campaign

August 2020

Cecilia Olivet, Bettina Müller (TNI)

 

Peru, Mexico, Argentina, Bolivia and Guatemala are just some of the Latin American countries being hit by the investment protection regime in the midst of the COVID-19 pandemic. Foreign investors are threatening to bring claims before international arbitration tribunals due to the measures states are taking to mitigate the effects of the pandemic. Arbitrators are refusing to accept states’ requests to postpone ongoing arbitration cases and are obliging governments to disburse millions to investors at a time when public funds are required for more urgent priorities. Once again, the current crisis reveals the perverse consequences of the investor-state dispute settlement system and the urgent need to break free from it…

 

See the full article here: https://longreads.tni.org/jugglingcrises

 

 

 

Also available in: Spanish