The European Union's Proposal for an International Investment Court: Significance, Innovations and Challenges Ahead
Article from: TDM 1 (2017), in EU, Investment Treaties, and Investment Treaty Arbitration - Current Developments and Challenges
Rampant discontent with the current system that governs the protection of international investment and the functioning of investment tribunals has led to a widespread view that there is an urgent need for reform. This is particularly pronounced in the context of investor-state dispute settlement (ISDS). The European Union (EU) has responded to this need by proposing the creation of an international investment court. With its political weight, the EU confers unprecedented legitimacy on the critics of the current ISDS system and reveals investment dispute settlement in the light of ...