Investors’ rights

SouthViews No. 47, 6 December 2012

Hazards in Bilateral Investment Treaties (BITs): Investors’ rights v. public health

By Carlos Correa

An arbitral tribunal is expected to issue soon a decision on jurisdictional matters in a case brought by Philip Morris against the government of Uruguay. The claim, based on a bilateral investment treaty (BIT) between that country and Switzerland, challenges packaging and labeling requirements for cigarettes adopted by Uruguay to reduce tobacco’s consumption.


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