RCEP Could Increase Asian Investor Arbitration, Activists Say
Law360, New York (December 8, 2016, 3:34 PM EST) -- Asian and Pacific countries negotiating a trade deal known as the Regional Comprehensive Economic Partnership have faced $31 billion in arbitral claims from investors and could face greater risks if the pact allows for investor-state arbitration, several activist groups said in a Wednesday report.
The RCEP, which has been in the works for three years, would take down trade barriers between China, India, Australia, and 13 other countries. But like the Trans-Pacific Partnership, a trade deal backed by the Obama administration but opposed by President-elect Donald Trump that would include some of the same countries, the proposal has stoked controversy among...
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