ISDS in numbers: Impacts of investment arbitration against Latin America and the Caribbean

By Cecilia Olivet, Bettina Müller and Luciana Ghiotto, Published by Transnational Institute (TNI), December 2017

Latin American and Caribbean (LAC) countries are among the most affected by the investment arbitration system worldwide, representing 28.6 per cent of all known investor–state disputes around the world. In particular, Argentina, Venezuela, Mexico, Ecuador, Bolivia and Peru account for 77.3 per cent of the total number of claims against LAC countries. Investors have won in 70 per cent of the cases brought against LAC countries. As a result, LAC states have already had to pay foreign companies US$ 20.6 billion, which could cover Bolivia’s budget for health and education for four whole years. Available at