The idea of entrusting party-appointed arbitrators with powers to decide investor–state disputes through final and binding awards, inherited from commercial arbitration and traditionally accepted as appropriate, now causes discomfort among critics.
Thehas deemed that the included in the Canada– is consistent with EU law, issuing its final opinion on April 30, 2019.
The European Economic and Social Committee (EESC) has weighed in on the European Commission’s recommendation for a European Council decision to launch negotiations on the proposed, supporting discussions on reform while noting areas for improvement.
Advocate General Yves Bot issued a non-binding opinion on January 29, 2019, deeming that the included in the Canada– is compatible with EU law. Bot assessed the ICS against the EU Treaty, the and the EU Charter of Fundamental Rights.
European Union signs trade and investment agreements with Singapore; EU–Japan EPA to enter into force on February 2019
On October 19, 2018, Singapore and the European Union signed political and trade agreements as well as the–Singapore Investment Protection Agreement (IPA).
On July 17, 2018,President Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe signed the Japan–European Union ( ) Economic Partnership Agreement (JEEPA).
Council of the European Union adopts negotiating directives: EU Commission to negotiate a convention establishing a multilateral investment court
On March 20, 2018, the Council of the European Union adopted negotiating directives authorizing the European Commission to negotiate a convention establishing a multilateral court for the settlement of investment disputes.
On December 8, 2017, European Commission President Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe announced the finalization of the negotiations of the Economic Partnership Agreement (EPA) between the European Union and Japan.
Beyond advancing its Investment Court System () proposal in bilateral negotiations, the European Union continues its efforts toward establishing a multilateral investment court ( ).
The three parties to the North American Free Trade Agreement () held the third, fourth and fifth rounds of renegotiation (Ottawa, September 23–27; Arlington, October 11–17; and Mexico City, November 17–21). The next round of NAFTA renegotiations is scheduled for January 23–28, 2018 in Montreal.
On September 6, 2017, Belgium submitted to the Court of Justice of the European Union () a request for an opinion on the compatibility of the with the European Treaties.
After Canada’s ratification of the Comprehensive Economic and Trade Agreement () on May 17, 2017, Canada and the European Commission agreed to start the provisional application of the agreement on September 21, 2017.
Can the European Union act alone in concluding agreements such asand the –Singapore ? Or must EU member states also ratify them? Advocate General Sharpston discusses the allocation of powers in the field of investment under EU law.
On February 15, 2017, the European Parliament approved the Comprehensive Economic and Trade Agreement (), signed by Canada and the European Union on October 30, 2016 after seven years of negotiations. The agreement was approved by 408 Members of the European Parliament and rejected by 254, with 33 abstentions. As reported in , this approval paves the […]
On December 13 and 14, 2016, the European Commission and the Canadian Government co-hosted exploratory discussions on establishing a multilateral investment court. Government representatives from several countries attended the closed-door meeting in Geneva. Upon concluding, the two hosts had vowed to “work expeditiously” to create a permanent investment court, building on the mechanism included in the agreement. The goal of […]
CETA signed; Canada and European Union to “work expeditiously” on creating a Multilateral Investment Court
On October 30, during the 16th European Union–Canada Summit held in Brussels, the two negotiating partners signed the Comprehensive Economic and Trade Agreement (), after seven years of negotiations.
On July 5, 2016, the European Commission proposed to the Council that the Canada–European Union—agreed to in 2014 and re-concluded in February 2016—be signed as a “mixed agreement,” requiring signature and ratification by each of the member states.
Responding torequests, Canadian and EU officials reopened negotiations of the Comprehensive Economic and Trade Agreement ( ) concluded in 2014 to reformulate the agreement’s investor–state dispute settlement ( ) clause. Re-concluded on February 29, the CETA now includes a standing tribunal and an appeals mechanism, in line with the EU proposal, also included in the […]
Legality of investor–state dispute settlement (including in the form of an Investment Court System) intrade agreements under EU law is a contentious issue. This article details four legal objections raised by academics and legal experts, and discusses the potential for a legal challenge of under EU law.
officials are said to have requested the new Canadian federal government to revisit the clause in the Comprehensive Economic and Trade Agreement ( ), according to reports by CBC News on January 21, 2016.
In a statement issued in early February 2016, the German Association of Judges (known by its German acronym, DRB) firmly rejected the proposal published by the European Commission on September 16, 2015 to establish an Investment Court System () under the Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States.
On December 2, 2015, the European Union and Vietnam signed a free trade agreement (), closing three years of negotiations.