Investors Wield Power Over Poor Countries: Study

Law360, New York (May 2, 2007, 12:00 AM EDT) -- A little-known World Bank arbitration court where multi-national investors bring claims against governments overwhelmingly sides with businesses, particularly in disputes over oil, gas and mining, and often delivers crippling fines to developing countries, a study has shown.

The World Bank’s investor arbitration court has increasingly given Global 500 companies unprecedented control over middle- and low-income countries when disagreements regarding bilateral treaties appear, according to the report by Food & Water Watch, an advocacy group, and the Institute for Policy Studies, a research organization.

The study found...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.