Quo Vadis Investment Protection: Reform of Investor-state Arbitration or an International Investment Court?
Investor protection and arbitration courts may be the most controversial topics during the present TTIP negotiations. In light of this public debate, the European Commission presented its first proposal for the reform of TTIP investor protection in May 2015. The proposal includes broad reforms concerning the allocation of arbitration courts as well as the challenge of arbitral awards. Further proposals have been made by the European Parliament in July 2015. In spring 2015, social democratic ministers from different EU countries brought a permanent international court house for investment disputes up for discussion. A reform of the international investment protection regime has already been in discussion for some time. The EU Commission plans to present a concrete proposal for the ISDS reform in the coming weeks.Read more
