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Investment Court System Under EU Trade and Investment Agreements: Addressing Criticisms of ISDS and Creating New Challenges

Global Trade and Customs Journal, 2021
The Investment Court System (‘ICS’) included in the European Union (‘EU’)’s recent investment and trade agreements provides for the creation of a permanent first instance tribunal (‘First Instance Tribunal’) and an appellate tribunal (‘Appeal Tribunal’) drawn from a pre-selected roster of tribunal members.
Lucy M. Winnington-Ingram, Jin Woo Kim
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International Investment Court System: The Future of Investment Dispute Settlement?

2021
The paper is concerned with examining the texts of the Investment Protection Agreements concluded by the European Union, for the purpose of addressing some of the issues created by the shortcomings of the texts. Focus is given to the provisions related to the Investment Court System established under the respective agreements.
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Assessing the Normative Legitimacy of Investment Arbitration: The EU’s Investment Court System

New Political Economy, 2017
The inclusion of an investment chapter in the Comprehensive Economic and Trade Agreement (CETA) and the Transatlantic Trade and Investment Partnership (TTIP) has encountered significant opposition, especially in relation to Investor-State Dispute Settlement (ISDS).
Lisa Diependaele   +2 more
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ISDS Reform: Analysis on Establishing a Multilateral Investment Court System

Arbitration: The International Journal of Arbitration, Mediation and Dispute Management, 2021
The idea of establishing an appeal mechanism for Investor-State Dispute Resolution (ISDS) awards is not novel. Currently, the United Nations Commission on International Trade Law Working Group III (WG III) is discussing potential reform of the ISDS system, including an appeal mechanism and a Multilateral Investment Court (MIC) system. This
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The EU's Investment Court System and Prospects for a New Multilateral Investment Dispute Settlement System

SSRN Electronic Journal, 2017
The EU’s proposal to establish a new Investment Court System during the TTIP negotiations has well represented the cumulative resentment of the public, governments, civil societies as well as academics in regard to the existing ISDS mechanism. Such issues as the lack of legitimacy, transparency, consistency, the absence of a review mechanism, and the ...
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Hold on to Your Hat! Issue Conflicts in the Investment Court System

The Law & Practice of International Courts and Tribunals, 2018
Abstract Since 2015, the European Commission (EC) has been advocating the establishment of an investment court system (ICS). A key aspect of the proposal is the creation of the strictest ethical standards ever seen in the field of investor-state arbitration. The exercise of functions as an arbitrator does not traditionally require exclusivity, and many
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The EU Investment Court System and Its Resemblance to the WTO Appellate Body

2020
This chapter analyses the alternative scenarios of how a multilateral investment court could come about, including an assessment of existing international frameworks that are likely to host that institution (e.g. the WTO, OECD, ICSID and UNCITRAL). The author argues that the EU’s active engagement in the field could fall victim to its own success – if ...
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Assessing the Rules of Appointing Arbitrators under the EU’s Investment Court System

European Review, 2019
In recent years investor–state arbitration has faced a number of criticisms, such as the pro-investor allegation, the lack of transparency and the regulatory chilling effect. In 2015, the EU proposed an Investment Court System (ICS) in the investment chapter of the Transatlantic Trade and Investment Partnership negotiated between the EU and the US ...
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Implementation Issues of Investor-State Arbitration: The Move to the Investment Court System in CETA

SSRN Electronic Journal, 2018
This thesis examines the implementation issues that the CETA investor-state court system could be experiencing in the future. The investor-state chapter of the agreement between the European Union and Canada relies on the already existing ICSID and New York Convention framework for procedures and implementation.
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The EU’s Proposal Regarding the Establishment of the Investment Court System and the Response from Asia

Journal of World Trade, 2018
The EU has engaged in a large-scale global reform by proposing an investment court system as a means to address concerns about ISDS. The new proposal will certainly have certain impact on Asian countries in their FTA negotiations with the EU. This article analyses the key features of the investment court system, looking mainly at the CETA, EU-Vietnam ...
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