Investors will be able to sue Norway

PluriCourts coordinator Ole Kristian Fauchald was interviewed by the Norwegian newspaper Klassekampen. The Norwegian government's proposal for future investment agreements between Norway and other states may limit the Norwegian politicians' scope of action, he says.

Fauchald explainsthat the "most favoured nation" principle requires Norway to treat future investors equally or better than past investors from any country. Norwegian rules on public health, human rights, or labour rights may be found to be in breach of this principle.

Also, the proposed use of an international Investment tribunal to solve disputes between an investor and a state raises criticism.

Read the entire article here (pdf, in Norwegian).

Tags: Investment
Published May 28, 2015 10:08 AM