A new project by CIGI’s International Law Research Program is investigating whether a corporation from one developed democracy should have the legal right to sue a foreign democratic government. The investor state arbitration (ISA) research project will assess arguments made for and against the growing use of ISA between developed democracies. It will draw on the expertise of 13 new Senior Fellows specializing in international investment and trade law.
June 15, 2015
CIGI Worldwide

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CIGI examines trend of corporations suing foreign governments

A new project by CIGI’s International Law Research Program is investigating whether a corporation from one developed democracy should have the legal right to sue a foreign democratic government. The investor state arbitration (ISA) research project will assess arguments made for and against the growing use of ISA between developed democracies. It will draw on the expertise of 13 new Senior Fellows specializing in international investment and trade law.

Highlights

 

Funding Sustainability: Central Banks Can and Should Do Their Part

Fixing Climate Governance Paper No. 1 by Andrew Sheng
As climate change issues take centre stage internationally this month at the G7, a new CIGI paper challenges central banks to step up to the plate. Sheng argues that central banks, when purchasing financial assets, should consider selecting assets that will promote sustainability, including through climate change mitigation and adaptation.

Cooperation necessary to reduce African armed conflict

CIGI Paper No. 71 by Pamela Aall (@PamelaAall)
Policy-makers and civil society in Africa need closer cooperation to counter the violent extremism of ideology-based groups such as Boko Haram and the Lord’s Resistance Army, according to a new report issued by CIGI Senior Fellow Pamela Aall. The report, released at a high-level workshop in Pretoria, South Africa last week, marks the launch of a series of policy-relevant publications with recommendations aimed at strengthening African regional conflict management.

How Good is the Environmental Goods Agreement?

CIGI Paper No. 72 by Patricia Goff
A new CIGI Paper by Senior Fellow Patricia Goff explores whether trade agreements can help nations achieve lofty environmental goals. Exploring the relationship between the environment and international trade, Goff examines the success of the Environmental Goods Agreement and reviews key aspects of the environment-trade relationship.

New CIGI Senior Fellow Sarah Seck investigates CSR and climate change

Sara Seck, associate professor in the Faculty of Law at Western University, joins CIGI’s International Law Research Program to explore the role of private business and Corporate Social Responsibility in environmental sustainability and write a policy brief on human rights with regard to climate change.

Feature Publications

 

The Challenges of Counting Climate Change Risks in Financial Markets

CIGI Policy Brief No. 62 by Jason Thistlethwaite (@jasonthistle)
Climate change has been identified as an investment risk, yet existing financial reporting standards do not adequately measure and communicate these risks to investors. Several policy recommendations to improve the capacity of the climate change risk disclosure regime to measure and communicate climate change risks are suggested.

European Banking Union, Three Years On

CIGI Paper No. 73 by Miranda Xafa (@MXafa)
Banking union is a major step in the economic and monetary integration of the European Union, and aims to end large taxpayer-funded bailouts and national policies that protect domestic banks at the expense of financial stability. The ultimate test of whether banking union has worked is whether it will succeed in reversing the fragmentation in Europe’s financial system and breaking the vicious circle between banks and sovereigns, the paper concludes.

Publications

 

Focus Less on Collective Action, More on Delayed Benefits and Concentrated Opponents

Fixing Climate Governance Policy Brief No. 4 by Edward (Ted) A. Parson

Six Ways to Make Climate Negotiations More Effective

Fixing Climate Governance Policy Brief No. 3 by Pamela Chasek (@paminnyc), Lynn Wagner (@LynnMWagner) and I. William Zartman

Putting Air Defense Identification Zones on the Radar

CIGI Graduate Fellows Policy Brief No. 1 by Joelle Charbonneau, Katie Heelis and Jinelle Piereder

Strange Bedfellows or Old Friends? Business Courts the Global Rule of Law

CIGI Commentary by David Chan Smith

Prioritizing International Monetary and Financial Cooperation for the G20: Views from the T20

CIGI Policy Brief No. 63 by Domenico Lombardi (@DomenicLombardi) and Samantha St. Amand (@samstamand)

Upcoming Webcast

 

CIGI-CIC Annual Media Panel – Canadian Eyes on World News: Perspectives from Media Leaders

CIGI and the Canadian International Council (CIC) Waterloo Region Branch will present the 8th annual media panel, this year themed “Canadian Eyes on World News: Perspectives from Media Leaders.” The discussion of the need for Canadian reporters’ eyes on foreign news features top news executives of some of Canada’s most influential media – the Globe and Mail, CBC, CTV and Toronto Star.

Videos

 

Event Video – The Global Arctic: A New Model of Global Cooperation

President of Iceland Ólafur Ragnar Grímsson
On June 9, 2015, CIGI welcomed special guest Ólafur Ragnar Grímsson, President of Iceland to speak on the “global Arctic” at a special breakfast event in Ottawa, Ontario. President Grímsson argues that the Arctic is “the most fascinating laboratory of governance innovation in the 21st century,” and discusses four dimensions of innovation it is fostering.

Podcast – Inside the Issues: The Ecofiscal Way Forward

Chris Ragan (@ctsragan)
What is the most cost-effective way to achieve greenhouse gas reductions that aligns with economic prosperity? Chris Ragan, Economist of McGill University and Canada's Ecofiscal Commission, joins David Welch, CIGI Chair of Global Security, for a conversation on carbon pricing options.

Event Video – Reimagining Capitalism

The Capital Institute (@CapInstitute)
In this presentation, Capital Institute Founder John Fullerton explores the eight key principles of a regenerative economy and shares solutions for sustainability currently being applied by real-world businesses.
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