Suchergebnisse

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.

"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"--

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.

The book provides a comprehensive overview and detailed discussion of the Convention on the Privileges and Immunities of the United Nations and the Convention on the Privileges and Immunities of the Specialized Agencies. With contributions from distinguished legal scholars, experts, and practitioners.

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).

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.

Ein neuer Multilateral Investment Court (MIC) soll die Antwort auf die in den vergangenen Jahren vor allem im Zusammenhang mit CETA und TTIP geäußerte Kritik am internationalen Investitionsschutzrecht im Allgemeinen und an der ad hoc Schiedsgerichtsbarkeit zwischen Investoren und Staaten im Besonderen geben. "Eckpunkte" eines solchen ständigen Gerichtshofs sind dessen streng rechtsstaatliche Ausgestaltung, wozu höchste Anforderungen an das richterliche Ernennungsverfahren ebenso zählen wie an die persönliche Integrität, Unabhängigkeit und Qualifikation der Richterinnen und Richter. Auch eine mögliche Kostenreduktion für alle Beteiligten sowie Transparenzgesichtspunkte, Aspekte der Einheitlichkeit der Rechtsprechung sowie eine effektive Vollstreckbarkeit von Entscheidungen finden Beachtung. Die vorliegende "MIC-Machbarkeitsstudie" soll zu einer breiteren Diskussion der Ausgestaltungsmöglichkeiten eines solchen neuen internationalen Spezialgerichtshofes für Investitionsschutzangelegenheiten beitragen.