Draft Statute of the Multilateral Investment Court
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Beschreibung
The EU is aiming for a Multilateral Investment Court (MIC) to replace the existing investment arbitration system. Based on the current debates in UNCITRAL and other fora this Draft Statute of an MIC demonstrates that it is possible to have a new system of dispute settlement. For the first time, a complete draft agreement is presented for the design of such an MIC as a new international organization, implementing strict rule of law-requirements for dispute settlement. Besides rule of law-considerations, cornerstones are reduced costs, a permanent bench of judges with an appellate system, transparency, more consistency in case law as well as the effective enforceability of MIC decisions.
Autor*in
Marc Bungenberg
Themen in »Draft Statute of the Multilateral Investment Court«
CETA Dispute Settlement Free trade Freihandel International Arbitration International Centre for Settlement of Investment Disputes (ICSID) Internationale Schiedsgerichte Internationale Streitschlichtung Investitionsschutz Investment Advisory Centre Investment Court System TTIP UNCITRAL WTO traditional investor-state arbitratio