Cecilia Malmström – 16 September 2015 proposed new Investment Court System and an Appeal Tribuna to replace the existing investor-to-state dispute settlement (ISDS) mechanism in all ongoing and future EU investment negotiations, including the EU-US talks on a Transatlantic Trade and Investment Partnership (TTIP).
The proposal for an Investment Court System builds on the substantial input received from the European Parliament, Member States, national parliaments and stakeholders through the public consultation held on ISDS.
‘It is intended to ensure that all actors can have full trust in the system. Built around the same key elements as domestic and international courts, Investment Court System enshrines governments’ right to regulate and ensures transparency and accountability” said MalmströmEU.
It’s necessary and important to show that the Commission continues to be serious about transparency in TTIP – including on investment policy. EU investors are the most frequent users of the existing system, which individual EU countries have developed over time.