Should bilateral and regional trade agreements allow foreign investors to sue governments? Could this result in regulatory chill or special privileges to outside interests? In recent months, TIPP, TPP and CETA have brought to light the controversial issue of investor-state arbitration (ISA), an international public law instrument. Just last week, ISA was the focus of a CIGI-led gathering of international arbitration and investment experts who discussed if the policy is needed between developed democracies. CIGI Senior Fellow Armand de Mestral sheds light in an recent op-ed and new paper series on the importance of understanding ISA and what it might mean for the future of public policy.
September 29, 2015
CIGI Worldwide

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Exploring the legal system that lets corporations sue governments

Should bilateral and regional trade agreements allow foreign investors to sue governments? Could this result in regulatory chill or special privileges to outside interests? In recent months, TIPP, TPP and CETA have brought to light the controversial issue of investor-state arbitration (ISA), an international public law instrument. Just last week, ISA was the focus of a CIGI-led gathering of international arbitration and investment experts who discussed if the policy is needed between developed democracies. CIGI Senior Fellow Armand de Mestral sheds light in an recent op-ed and new paper series on the importance of understanding ISA and what it might mean for the future of public policy.

Highlights

 

Expert says Canada-Korea relations at a promising crossroads

A year after Canadian Prime Minister Stephen Harper and Korea’s President Park Guen-hye announced the elevation of the Korea-Canada relationship to that of a “Strategic Partnership,” a group of high-level Koreans and Canadians met at an annual non-governmental bilateral forum to consider what the notion of such a partnership should mean for the road ahead. In a new article on Open Canada, CIGI Senior Fellow Len Edwards writes about the meeting and the need for energetic and proactive approaches by business and government, driven by innovative ideas and leadership in Canada-Korea relations.

Carmichael on latest US Fed decision and China

In his latest “The Observer” blog, CIGI Senior Fellow Kevin Carmichael writes that China played a central role in one of the most anticipated Fed decisions ever this month, when it decided to leave interest rates unchanged. He highlights comments by United States Federal Reserve Chair Janet Yellen that source China’s troubles as the biggest reason for the move.

Feature Publications

 

Global Sustainability, Climate Change and Finance Policy: A South African Perspective

CIGI Policy Brief No. 65 by Penelope Hawkins and Olaf Weber
This policy brief explores aspects of the global sustainability debate discussed at a conference on Global Sustainability, Climate Change and Finance Policy and organized by CIGI and the South African Institute for International Affairs, in Johannesburg in July. Topics include: the role of international organizations and climate finance; the integration of climate and sustainability issues into the financial sector; and the impact of climate finance at the national level, particularly in African countries.

Corporate Debt in Emerging Economies: A Threat to Financial Stability?

Special Report by Barry Eichengreen, Domenico Lombardi (@domeniclombardi), Malcolm D. Knight, Yu Yongding, Viral Acharya (@vacharya), Stephen G. Cecchetti, José De Gregorio, Şebnem Kalemli-Ӧzcan, Philip R. Lane and Ugo Panizza (@upanizza)
This report was written by members of the Committee on International Economic Policy and Reform, a non-partisan, independent group of experts, comprised of academics and former government and central bank officials, and co-published by the Brookings Institution and CIGI.

Upcoming Webcast

 

Multilateral Development Banks and Asian Investment: Room for More?

On Wednesday, September 30 (9 a.m. – 1:30 p.m. EST), CIGI will livestream an event organized by The Peterson Institute for International Economics and Moody's Investor Service on the topic of "Multilateral Development Banks and Asian Investment: Room for More?" CIGI’s Domenico Lombardi and Hongying Wang are among the event panelists.

CIGI Speaker Series – The Illegal: A Meditation on Refugee Issues

On Wednesday, October 7, at a webcast event, bestselling author and screenwriter Lawrence Hill will speak about his newest novel The Illegal. His lecture will give listeners insight into his writing process and inspiration for the book, writing about the life of an elite marathoner who has fled violence in his homeland and gone into hiding as an undocumented refugee.

Videos

 

Sovereign Debt Restructuring Workshop

Martin Guzman (@MartinMaxGuzman)
CIGI Senior Fellow Martin Guzman shares commentary on the heels of a Sovereign Debt Restructuring Workshop co-hosted by the CIGI and Columbia University's Initiative for Policy Dialogue last week in New York. The conference explored lessons learned this year that can provide guidance to policy makers and for United Nations discussions on how to implement a multinational legal framework for sovereign debt restructuring.

Roger Cox first North American appearance on Climate Change and Rule of Law

Roger Cox (@coxroger), Hon. Stephen Goudge, Lorne Sossin (@DeanSossin), David Estrin, Lewis N. Klar, and Oonagh Fitzgerald (@oefitzgerald)
In this lecture, Senior Fellow Roger Cox and a panel of Canadian legal experts discuss the possible role of Canadian judges in ordering governments to lower carbon emissions and live up to international law commitments. Mr. Cox, lawyer for the Urgenda Foundation, designed and was the lead attorney for the suit by 900 Dutch citizens resulting in the Court of The Hague’s ground-breaking ruling in June 2015 that ordered the Netherlands to reduce the country’s carbon emissions 25% by 2020.
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