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World Bank official says Japan not likely to become target of ISDS

  • 2016-02-16 15:00:00
  • , Nikkei
  • Translation

(Nikkei: February 13, 2016 – p. 5)

 

 Meg Kinnear, secretary general of the International Centre for Settlement of Investment Disputes (ICSID), which is under the umbrella of the World Bank, gave an interview to the Nikkei. The ICSID will be in charge of the arbitration procedures for investor-state dispute (ISDS) if there is a conflict between an investor company and the host government of a member of the Trans-Pacific Partnership free trade agreement. Kinnear indicated the view that it is unlikely that a claim will be filed by an investor against Japan under ISDS.

 

 Many in Japan are concerned that claims will be filed against the Japanese government by foreign investors under ISDS. However, Kinnear emphatically said: “Japan has a strong legal system and the Japanese government is stable. It is hard to conceive of a situation in which foreign investors would sue the Japanese government.” According to Kinnear, of the ISDS cases issued through January 2015, only 10% occurred in the Asian region and there were no cases in which Japan was sued.

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