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Trade agreements usually contain provisions for dispute resolution. Back before 2016 the big boogeyman was ISDS (investor-state dispute settlement). If a state
by pas 4y ago
Trade agreements usually contain provisions for dispute resolution. Back before 2016 the big boogeyman was ISDS (investor-state dispute settlement).
If a state made a bad deal they can either renegotiate it (eg. negotiate in a fee to cancel the whole contract) or try for arbitration (and the tribunal might set a fee for cancellation), or assert their sovereignty.
Of course with China everything that reaches political circles becomes a power-play, but at least in the first two cases they are less motivated to respond in kind (ie. levy tariffs or fuck with the business of Australian companies in China).
- Reason077 4y agoSure, but there's no dispute here that I'm aware of. Turns out the South Australia grid isn't really owned by China anyway - they have a 46.6% stake, with the other 53.4% controlling interest now held by Australian Utilities, a consortium of Australian infrastructure and pension funds. https://realassets.ipe.com/news/australian-utilities-trust-emerges-as-electranets-majority-shareholder/10057935.article https://realassets.ipe.com/news/australian-utilities-trust-e...