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More recently, Philip Morris has brought an investor-state claim challenging Uruguays restrictions on cigarette packaging, and formally threatened the government of Australia with an arbitration claim in response to its packaging rules.[i] Philip Morriss challenge to Uruguays tobacco regulations raises a number of fascinating (although not entirely new) issues concerning international investment law, including the scope of fair and equitable treatment, the use of most favored nation (MFN) provisions to invoke more lenient procedural standards, and the availability of injunctive relief in investment arbitration
Increased enforcement and penalties also make it more likely that new entrants to the market are more risk tolerant and prone to engage in violence
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Archived from the original on March 26, 2020
Deeply sceptical at first, I was ultimately impressed
