Suchergebnisse

The Texaco/Chevron lawsuit, which started in November 1993 and is still being litigated in 2020, is a prominent example ofthe process of judicialization of environmental conflict. The Ecuadorian plaintiffs claim that the oil company's operations generated ruinous impacts on the environment and on the development prospects and health of nearby individuals and communities. The tortuous and lengthy judiciary process was further hindered by an arbitration process, an Investor–State Dispute Settlement mechanism nested in the Ecuador—United States Bilateral Investment Treaty. The significance of the case goes beyond the specifics of Ecuador and provides further arguments fuelling the protracted legitimacy crisis experienced by International Investment Agreements. The current praxis of Investor–State Dispute Settlement mechanisms is generating an asymmetrical system, protectingthe interest of investors, and intruding intothe space of human and environmental rights. These issues are resonating with social movements, activist scholars and policy makers who are reacting to the vulnerabilities engendered by International Investment Agreements throu