Philip Morris Ruling Allows For Regulation, But Not Free Rein

Law360, New York (July 22, 2016, 7:29 PM EDT) -- A World Bank tribunal recently rejected Philip Morris' claims against Uruguay's tobacco regulations, an outcome that experts say is an encouraging affirmation of the importance of protecting states’ sovereign right to regulate, but is one that won’t necessarily bar future claims challenging regulation in the name of health and safety.

An International Centre for Settlement of Investment Disputes tribunal comprising Piero Bernardini, who acted as president, Uruguay appointee James R. Crawford and Philip Morris appointee Gary Born determined by majority — with Born partially dissenting — that measures...
To view the full article, register now.