New frontiers for EU investment policy: external and internal dimensions
In: European yearbook of international economic law 2023, special issue
In: European yearbook of international economic law 2023, special issue
This edited volume explores the connection between the rule of law and substantive standards of treatment in international investment agreements. It also analyses to what extent these standards of treatment can be understood as positive expressions of the rule of law.
In: International Investment Law An Analysis of the Major Decisions (edited by Hélène Ruiz Fabri and Edoardo Stoppioni, Hart Publishing 2022) 119–134
SSRN
In: Nomos eLibrary
In: Internationales Recht, Völkerrecht
CETA: Investitionsschutzregelungen im Focus Das umfassende Wirtschafts- und Handelsabkommen zwischen Kanada und der Europäischen Union (CETA) ist ein Aufbruch zu neuen Ufern. Die neuen Bestimmungen zum Investitionsschutz haben die Prüfung durch den Gerichtshof der Europäischen Union bestanden. Dieses Kapitel wird wahrscheinlich als Blaupause für weitere künftige EU-Investitionsabkommen dienen. Der Kommentar von Bungenberg/Reinisch fokussiert sich auf die die CETA-Regelungen prägenden Investitionskapitel. In allen Einzelheiten werden die auch für die internationale Gestaltungspraxis wichtigen Neuerungen erläutert, u.a. das sog. Investment Court System mit einem Berufungsgericht Vorgaben zur Prozessfinanzierung Transparenz und Informationsaustausch modernisierte Schutzstandards detaillierte Bestimmungen über Vorbehalte und Ausnahmen. Fazit Dieser Kommentar ist die notwendige Arbeitshilfe für alle, die in Unternehmen, Wirtschaftskanzleien, Industrie- und Handelsverbänden mit dem EU-Investitionsschutz befasst sind. Mit Beiträgen von Afolabi Adekemi, Andrés E. Alvarado Garzón, Freya Baetens, Crina Baltag, Jens Benninghofen, Christina Binder, Gabriel Bottini, Colin Brown, Marc Bungenberg, Markus Burgstaller, N. Jansen Calamita, Armand de Mestral, Arnaud de Nanteuil, Lori Di Pierdomenico, Patrick Dumberry, Katia Fach Gómez, Richard Happ, Angshuman Hazarika, Stephan Hobe, Frank Hoffmeister, Anna Holzer, Mattijs Kempynck, Panos Koutrakos, Ursula Kriebaum, Céline Lévesque, Irmgard Marboe, Lars Markert, Patricia Nacimiento, Erman Özgür, August Reinisch, Stefanie Schacherer, Julian Scheu, Christoph Schreuer, Lukas Stifter, Johannes Tropper, Güneş Ünüvar, Lukas Vanhonnaeker und Herman Verbist.
In: Studien zum Internationalen Investitionsrecht - Studies in International Investment Law Volume 37
In: Nomos eLibrary
In: Open Access
Die EU strebt einen Multilateralen Investitionsgerichtshof (MIC) an, der das bestehende System der Investitionsschiedsgerichtsbarkeit ersetzen soll. Basierend auf den aktuellen Debatten in UNCITRAL und anderen Foren zeigt dieser Entwurf eines Statuts für einen MIC, dass ein neues System der Streitbeilegung möglich ist. Zum ersten Mal wird ein vollständiger Vertragsentwurf für die Ausgestaltung eines solchen MIC als neue internationale Organisation vorgelegt, der strenge rechtsstaatliche Anforderungen an die Streitbeilegung umsetzt. Eckpunkte sind neben Rule of Law-Überlegungen Kostenreduzierung, eine ständige Richterbank mit einem Berufungsgremium, Transparenz, mehr Konsistenz in der Rechtsprechung sowie die effektive Vollstreckbarkeit von MIC-Entscheidungen.
In: Zeitschrift für europarechtliche Studien: ZEuS, Band 24, Heft 3, S. 437-484
ISSN: 1435-439X
The Investment Chapter of the Comprehensive Economic and Trade Agreement (CETA) can be seen as an unofficial blueprint of future EU Investment Agreements and Chapters. It was developed under immense public pressure and had to fulfil multiple conditions resulting from the EU constitutional framework. This contribution highlights the political and juridical background of EU investment policy, and then analyses the most significant new approaches in international investment law - both with regard to substantive standards and investor-State dispute settlement - as exemplified in the CETA. With regard to the substance, it can be witnessed that states are more proactive in defining investment protection standards, leaving less discretion for adjudicators. With regard to dispute settlement, the EU managed to introduce a completely new Investment Court System (ICS) with preselected adjudicators and an appellate mechanism. In light of all these developments, this article argues that we are currently facing a complete change of paradigms in EU investment law, heading towards the EU's long-term goal of establishing a Multilateral Investment Court (MIC).
In: The Austrian Yearbook on International Arbitration 2022, Vol. 16 (2022) 301-340
SSRN
In: Austrian review of international and European law: ARIEL, Band 24, Heft 1, S. 1-5
ISSN: 1573-6512
In: Völkerrecht, Europarecht und internationales Wirtschaftsrecht Band 28
In: Elgar advanced introductions
"The aim of this book is to describe and explain the investment protection standards typically contained in international investment agreements (IIAs) as applied by investment tribunals. It will provide a basis for analysis, criticism, and argument. In this book we do not offer our own views on how investment standards should be interpreted. Rather, we have collected, analysed and systematized the sometimes heterogeneous, if not contradictory, interpretations reached by various investment tribunals. Thus, this book permits a stocktaking of how tribunals have addressed arguments and interests of parties and stakeholders in the area of investment arbitration. It is neither a critique nor an apology of the existing system"--
In: European Yearbook of International Economic Law
This open access book considers the potential setup for a future Multilateral Investment Court (MIC). The option of an MIC was first discussed by the EU Commission in 2016 and has since been made an official element of the EU Common Commercial Policy. In 2017, UNCITRAL also decided to discuss the possibility of an MIC, and on 20 March 2018, the Council of the EU gave the EU Commission the mandate to negotiate the creation of an MIC. The "feasibility study" presented here is intended to contribute to a broader discussion on the options for a new international court specialized in investment protection. The cornerstones of such a new permanent court are a strict orientation on the rule of law, reduced costs of investment protection, transparency considerations, aspects of consistency in case law, and the effective enforceability of MIC decisions.
This open access book considers the potential setup for a future Multilateral Investment Court (MIC). The option of an MIC was first discussed by the EU Commission in 2016 and has since been made an official element of the EU Common Commercial Policy. In 2017, UNCITRAL also decided to discuss the possibility of an MIC, and on 20 March 2018, the Council of the EU gave the EU Commission the mandate to negotiate the creation of an MIC. The "feasibility study" presented here is intended to contribute to a broader discussion on the options for a new international court specialized in investment protection. The cornerstones of such a new permanent court are a strict orientation on the rule of law, reduced costs of investment protection, transparency considerations, aspects of consistency in case law, and the effective enforceability of MIC decisions.
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