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The Fourth Man: An Intriguing Sub-Plot in the Yukos Arbitration

The Yukos case is among the most flamboyant investor-state arbitrations (Chevron v. Ecuador a close competitor).  Yukos reads like a paperback thriller-settling of scores between rogue oligarchs and the Putin regime with billions at stake.  Definitely worth a mini-series on HBO or Showtime. Last night at the ISDS answer to
Rob Howse 29 Mar 2017 4 min read

It's Brexit Day

BBC has the Article 50 withdrawal notification letter here.  Not surprisingly, it does not tell us much about how the withdrawal talks will go (the UK would like a "deep and special partnership" with the EU). The substance of the negotiations will become more clear as we move
Simon Lester 29 Mar 2017 1 min read

Clues About Trump's ISDS Policy

Lots of people are asking about what the Trump administration will do with investment treaties and investment chapters of FTAs.  Will their sovereignty concerns mean they reject ISDS?  Or will their pro-business views mean they support ISDS? This from the LA Times is one of the first reports of White
Simon Lester 28 Mar 2017 1 min read

DS461 is Confusing

Compliance review in the DS461 dispute, Colombia - Textiles, is proceeding in the strangest order I can remember seeing.  Keep in mind that Panama was the complainant and Colombia was the respondent in the underlying dispute. Here's the timeline of the compliance part: February 9, 2017: Panama proposes
Simon Lester 28 Mar 2017 1 min read

Keystone XL Part 2: Nebraska

As I mentioned here last week, TransCanada's NAFTA Chapter 11 claim is now over, after the State Department issued a Presidential permit for building the Keystone XL pipeline.  The transcript of President Trump talking about this with TransCanada's CEO is here, and the ICSID web site
Simon Lester 28 Mar 2017 1 min read

Eli Lilly v Canada: A Pyrrhic Victory Against Big Pharma

It is a well-known story that Big Pharma aggressively uses trade negotiations, political lobbying, and domestic and international litigation (and the threat thereof) to expand the monopoly rents it gains from patent protection, and defeat the effort of states to limit intellectual property rights in the public interest, whether through
Rob Howse 26 Mar 2017 5 min read

What ICSID Does When a Human Rights Victim Tries to Get Justice There: Victor Pey Casado and the Allende Foundation v Chile

Given my concerns about ISDS and its effects on the policy space of states, sometimes people are surprised to learn that I have consulted to the investor's counsel in a number of these disputes.  The fact is, though, that sometimes the investor happens to be the good guy,
Rob Howse 24 Mar 2017 3 min read

President Trump on ISDS (Sort Of)

OK, not really on ISDS, but touching on ISDS to a very slight degree. Here's what he said a couple days ago: I’ve cleared the way for the Dakota Access and Keystone XL pipelines -- and added a requirement that American pipelines be constructed with American steel.
Simon Lester 23 Mar 2017 2 min read

Event on Socio-Legal Methodologies at the University of Warwick

From the Centre for Law, Regulation and Governance of the Global Economy (GLOBE) at the University of Warwick: On Tuesday, 16 May 2017, the Centre for Law, Regulation and Governance of the Global Economy (GLOBE) at the University of Warwick, as part of the International Economic Law in Context Seminar
Inu Manak 23 Mar 2017 1 min read

Should the U.S. Have a Model Trade Agreement?

This is from Secretary of Commerce Wilbur Ross at his confirmation hearing (sorry about the all caps -- that's how it was at the link and I don't feel like retyping it): BUT I WOULD HOPE THAT IF CONFIRMED I CAN CONTRIBUTE TOWARD DESIGNING KIND OF
Simon Lester 21 Mar 2017 1 min read

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The Section 301 Surge Continues: Investigating the Adoption/Enforcement/Administration of Forced Labor Import Bans

This Section 301 investigation intends to pressure all sixty named trade partners (even, inexplicably, including Canada and Mexico) to adopt similar enforcement procedures. This announcement is highly problematic for the four reasons I address below.
16 Mar 2026 4 min read

The Section 301 Surge Is Upon Us: Investigating Excess Capacity and Production

The first of a large batch of expected Section 301 investigations has arrived, as USTR announced yesterday that it was initiating investigations on acts, policies, and practices of various countries/economies "relating to structural excess capacity and production in manufacturing sectors."
12 Mar 2026 3 min read

Debunking the "Hyperglobalization" Trade Policy Myth

Policy is often shaped by narratives, and recently there has been a bipartisan effort to create a narrative that, starting in the early 1990s, globalization and free trade went too far.
03 Mar 2026 8 min read

Guest Post: Are President Trump’s New Section 122 Tariffs Legal?

This is a guest post from Bryan Riley and Joe Bishop-Henchman. Bryan is Director of the Free Trade Initiative at the National Taxpayers Union; Joe is Executive Vice President at the National Taxpayers Union Foundation President Trump has issued new 10% tariffs, shortly after raised to 15%, based on Section
24 Feb 2026 6 min read

Section 122 as a (Partial) Replacement for the IEEPA Tariffs

Apparently, this is the era of dusting off old international economic policy statutes and figuring out what they mean and how they work. After the Supreme Court's ruling today in Learning Resources, holding that "IEEPA does not authorize the President to impose tariffs," we are now
20 Feb 2026 5 min read

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