Commission proposes new Investment Court System for TTIP and other EU trade and investment negotiations
EU News 249/2015
Brussels, 16 September 2015
The European Commission has approved its proposal for a new and transparent system for resolving disputes between investors and states – the Investment Court System.
The Investment Court System would replace the existing investor-to-state dispute settlement (ISDS) mechanism in all ongoing and future EU investment negotiations, including the EU-US talks on a Transatlantic Trade and Investment Partnership (TTIP).
The proposal for an Investment Court System builds on the substantial input received from the European Parliament, Member States, national parliaments and stakeholders through the public consultation held on ISDS. It is intended to ensure that all actors can have full trust in the system. Built around the same key elements as domestic and international courts, it enshrines governments' right to regulate and ensures transparency and accountability.
Source and additional information:
Cecilia Malmström Date: 16/09/2015 Reference: P-029035/00-09 Location: Brussels - EC/Berlaymont (C)EU, 2015 URL