International Centre for Settlement of Investment Disputes organization
also: D.C.-based entity, U.S. court, ICSID, tribunal, ISDS, Investor State Dispute Settlement
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Related entities (most co-mentioned)
Crystallixorganization · 4United Statescountry · 4Crystallix v. Venezuela arbitrationevent · 4Bank for International Settlementsorganization · 3Citgo Petroleumorganization · 2Andres Arauzperson · 2Decolonizationevent · 1Allen Dullesperson · 1Jose Ignacio Hernandezperson · 1Anyaperson · 1Guillermo Lassoperson · 1Rafael Correaperson · 1Trans-Pacific Partnershiporganization · 1Donald Trumpperson · 1World War IIevent · 1North American Free Trade Agreementorganization · 1Delawarecountry · 1Ecuadorcountry · 1
Claims (4)
International Centre for Settlement of Investment Disputes funded
Crystallix v. Venezuela arbitration documented
“And no one else is allowed to mine it, not even the country. So they can starve to death with, I don't know, do the math. 20 million ounces of gold at 550 ounces apiece in the ground. They're not allowed to touch. This is ludicrous. So to n…”
▶ The Colonels Corner-Corporate Coup (Venezuela) Part 13 @ 42:38
International Centre for Settlement of Investment Disputes member_of
Bank for International Settlements documented
“as a subsidiary of World Bank Group and the president of the World Bank. You just can't even make this up. Historically, a former U.S. official or banking executive always serves as the president. The ICSID's investor state disputes are ove…”
▶ The Colonels Corner-Corporate Coup (Venezuela) Part 13 @ 39:38
Donald Trump removed_from_power
International Centre for Settlement of Investment Disputes host_asserted
“Trump basically in his executive order said, Venezuela's oil is going to be used for Venezuela. And everything that was done during my first administration is now nil and void, gone. And in addition to that, and I love this part, that they'…”
▶ The Colonel’s Corner The Devil’s Chessboard Part 8(b) @ 1:19:12
Allen Dulles founded
International Centre for Settlement of Investment Disputes host_asserted
“They'll be feckless. Yes. But it weakens international treaties, which weakens the IMF. Yes. Tell everybody about the court just real quick for people that are new. Okay. So ICSID, well, that's called ISDS. It's Investor State Dispute Settl…”
▶ The Colonel’s Corner The Devil’s Chessboard Part 8(b) @ 1:14:58
Mentions (15)
▶ 37:42
is always a D.C.-based entity called the International Center for Settlement and Investment Disputes. It's a tribunal. Warhamster and I talked about this very early on in our conversations because that's how United Fruit, when they took Gua…
▶ 38:37
Though the ICSID describes itself as an independent, depoliticalized and effective institution, it is always favoring Western financial interest. Andres Aruz, an economic and former Ecuadorian presidential candidate who narrowly lost to mul…
▶ 39:08
with the ICSID's inner workings during his tenure in the government of Rafael Correa. The ICSID is not an independent arbiter of justice. He said it's a neocolonial gatekeeper of transnational corporations and their impunity. The tribunal d…
▶ 39:38
as a subsidiary of World Bank Group and the president of the World Bank. You just can't even make this up. Historically, a former U.S. official or banking executive always serves as the president. The ICSID's investor state disputes are ove…
▶ 40:07
and a third typically selected by the World Bank president. And the World Bank president is always representing the West. So you're always, and the company, the World Bank rep, and the company's always on the same sheet of music. So the oth…
▶ 40:37
public law and are mostly from law firms heavily associated with the transnational corporation, of course. The cases are almost always against the states of the global south, where we've been working to exploit them forever. Aruz noted that…
▶ 41:07
arbitration against foreign states, yet states cannot file arbitration against corporations, like Guatemala wanting to sue United Fruit for undertax. No, you're not allowed to do that. There's no form to do that. These rules structurally de…
▶ 42:38
And no one else is allowed to mine it, not even the country. So they can starve to death with, I don't know, do the math. 20 million ounces of gold at 550 ounces apiece in the ground. They're not allowed to touch. This is ludicrous. So to n…
▶ 45:11
Hernandez's name first made national headlines in July 2019, days after a U.S. court ruled that Crystilex could collect upon the 2016 ICSID award by seizing shares belonging to Sitco Petroleum, a completely separate company. It was a U.S.-b…
▶ 50:14
remained from public view. By the time Anya began investigating the Crystilex case in August of 2019, Sitco's survival was officially on the line. The previous month, a Delaware court had authorized Crystilex to seize the $1.2 billion worth…
▶ 51:42
Though ICSID ordered Venezuela's government to pay Cristilex $1.2 billion in April of 2016, the firm's ability to collect that debt was constrained due to a legal concept called limited liability. A claimant like Cristilex could not foreclo…
▶ 1:13:36
You know, Supreme Court's made their decision. Now let them try to enforce it. And that's kind of the point of your articles. They really did just change international finance. But if I'm a multinational corporation and I no longer have ICS…
▶ 1:14:58
They'll be feckless. Yes. But it weakens international treaties, which weakens the IMF. Yes. Tell everybody about the court just real quick for people that are new. Okay. So ICSID, well, that's called ISDS. It's Investor State Dispute Settl…
▶ 1:15:27
They had – what was going on? Decolonization is going on post-World War II. And, of course, multinational corporations and the banks, they don't want to be totally decolonized. You can vote however you want. We still want your resources. So…
▶ 1:16:25
But you can't be part of the Anglo-American rules-based order in the dollar hegemonic financial system unless you agree to these treaties. One of the reasons I really like Trump, when he started pulling out of things like NAFTA and Trans-Pa…