{"id":4814,"date":"2017-12-21T08:46:58","date_gmt":"2017-12-21T14:46:58","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=4814"},"modified":"2024-08-09T18:28:20","modified_gmt":"2024-08-09T16:28:20","slug":"eu-continues-efforts-toward-establishing-multilateral-investment-court-despite-sharp-criticism","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2017\/12\/21\/eu-continues-efforts-toward-establishing-multilateral-investment-court-despite-sharp-criticism\/","title":{"rendered":"EU continues efforts toward establishing multilateral investment court, despite sharp criticism"},"content":{"rendered":"<p>Beyond advancing its Investment Court System (<a href=\"https:\/\/www.iisd.org\/itn\/2015\/11\/26\/investment-court-system-proposed-by-european-commission\/\"><span class='tooltipsall tooltipsincontent classtoolTips72'>ICS<\/span><\/a>) proposal in bilateral negotiations, the European Union continues its efforts toward establishing a <a href=\"http:\/\/trade.ec.europa.eu\/doclib\/press\/index.cfm?id=1608\">multilateral investment court<\/a> (<span class='tooltipsall tooltipsincontent classtoolTips76'>MIC<\/span>). On September 13, 2017, the Commission released a <a href=\"http:\/\/eur-lex.europa.eu\/legal-content\/AUTO\/?uri=COM:2017:493:FIN&amp;qid=1505306108510&amp;rid=1\">recommendation<\/a> that, if adopted by the Council, would give the European Commission the required mandate to negotiate a convention to create an MIC.<\/p>\n<p>The German Association of Judges (known by its German acronym, DRB)\u2014which had already <a href=\"https:\/\/www.iisd.org\/itn\/2016\/02\/29\/germanys-judges-and-public-prosecutors-reject-proposed-investment-court-system-in-ttip\/\">rejected the <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span> ICS proposal<\/a> in February 2016\u2014asked the German government to deny such a mandate. In its Opinion 21\/17 of November 2017 (available in the <a href=\"http:\/\/www.drb.de\/stellungnahmen\/2017\/multilateraler-gerichtshof-fuer-investitionsstreitigkeiten.html\">German original<\/a> and in an unofficial <a href=\"http:\/\/www.foeeurope.org\/sites\/default\/files\/eu-us_trade_deal\/2017\/en_stellungnahme.pdf\">English translation<\/a>), the association presented sharp criticism of the EU MIC proposal. Several civil society organizations have also voiced <a href=\"http:\/\/www.ciel.org\/wp-content\/uploads\/2017\/12\/AWorldCourtForCorporations.pdf\">serious concerns regarding the proposal<\/a>.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips72','Investment Court System'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips76','multilateral investment court'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>Beyond advancing its Investment Court System (<span class='tooltipsall tooltipsincontent classtoolTips72'>ICS<\/span>) proposal in bilateral negotiations, the European Union continues its efforts toward establishing a multilateral investment court (<span class='tooltipsall tooltipsincontent classtoolTips76'>MIC<\/span>).<script type=\"text\/javascript\"> toolTips('.classtoolTips72','Investment Court System'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips76','multilateral investment court'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1926,1985,1980],"class_list":["post-4814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eu","tag-investment-court-system-ics","tag-multilateral-investment-court-mic"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/4814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=4814"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/4814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=4814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=4814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=4814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}