Creation and Implementation of a Multilateral Investment Court

Jun.-Prof. Dr. Julian Scheu

doi:10.5771/9783748927761

Summary

Starting point of the book is the ongoing reform process on ISDS at UNCITRAL working group III and the proposal to implement an MIC. An introduction sets the stage and provides readers with the latest developments and historical background. On this basis, the following chapters highlight different aspects of creating and implementing an MIC.The chapters cover key elements of the MIC proposal such as the court’s institutional framework, the design of an appeal mechanism, the use of procedures for the settlement of mass claims, and the establishment of an advisory centre for developing countries. In addition, the selection and appointment of judges is discussed. Apart from the court’s structure and procedures, questions of implementation arise. How to integrate the MIC into the current system of ISDS? How can the enforcement of its decisions be ensured? On a political level, the MIC project is based on an initiative of the EU. Therefore, the role of the EU in the reform process is analysed in a separate chapter. Remarks from a practitioner’s perspective round up the contributions. Each chapter highlights the legal issues subject to discussion and puts them into a broader context. The aim is to provide readers an understanding of how the different aspects work individually or in combination. The evaluation of reform ideas is based on their potential to efficiently respond to the most prominent criticisms of the current ISDS system.With contributions byIngo Borgdorf, Johanna Braun, Alexander Dünkelsbühler, Leonard Funk, Moritz Keller, Caroline Kittelmann, Niclas Landmann, Carla Müller, Philipp Reinhold and Julian Scheu.

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Bibliographic data

Copyright Year: 2022
ISBN-Print: 978-3-8487-8386-1
ISBN-Online: 978-3-7489-2776-1
Publisher: Nomos, Baden-Baden
Series: Studien zum Internationalen Investitionsrecht
Volume: 43
Language: English
Pages: 331
Product Type: Edited Book

Titelei/Inhaltsverzeichnis No access Pages 1 - 26
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1. Authors:
  1. I. Substantive Investment Protection No access
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    1. 1. Direct Accessibility to International Arbitration No access
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    2. 2. Participation in the Composition of the Arbitral Tribunal No access
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    3. 3. Finality of the Decision-Making No access
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    4. 4. Enforceability of Awards No access
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  3. III. Combining Substantive and Procedural Building Blocks No access
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  1. I. From Backlash to Reforming ISDS No access
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  2. II. Idea of a Multilateral Investment Court No access
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3. C. What to Expect from the Chapters in this Volume No access
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4. D. Challenges Ahead for any Future Multilateral Investment Court No access
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1. A. Introduction No access
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2. B. Multilateral Investment Court Approach No access
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3. Authors:
  1. I. State-to-State Dispute Settlement (SSDS) No access
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  2. II. Joint Administrative Commissions (JACs) No access
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  3. III. State Control and the MIC No access
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  1. I. Dispute Prevention and Avoidance No access
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  2. II. Alternative Dispute Resolution (ADR) No access
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  3. III. DPA and ADR in the Context of the MIC No access
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  1. I. Principles No access
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  2. II. Roles of the Investment Court No access
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  3. III. Institutional Features Beyond Dispute Settlement No access
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  4. IV. Interim Conclusion No access
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6. F. Conclusion No access
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1. A. Introduction No access
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2. B. The Advisory Centre on World Trade Law (ACWL) No access
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3. C. UNCITRAL Working Group III and States’ Submissions No access
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4. Authors:
  1. I. Structure No access
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  2. II. Beneficiaries No access
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  3. III. Services No access
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  4. IV. Financing No access
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5. E. Compatibility of an Advisory Centre with a Multilateral Investment Court No access
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6. F. Conclusion No access
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1. A. Introduction No access
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    1. 1. Ad hoc or Permanent Dispute Settlement Mechanism No access
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    2. 2. Permanent Tribunal or International Court No access
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    3. 3. System of ‘Stare Decisis’ or ‘de facto’ Precedent No access
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    4. 4. Reform Efforts in State Practice No access
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  2. Authors:
    1. 1. Criticism of the Introduction of a Review Mechanism in ISDS No access
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      1. a) Preliminary Rulings No access
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      2. b) En-Banc Decisions No access
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    3. 3. Difference between Appeal and Annulment No access
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  3. III. Interim Conclusion No access
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    1. 1. Two-Tiered ‘Multilateral Investment Court’ No access
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    2. 2. Standalone Appellate Body No access
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    1. 1. Scope of the Appeal No access
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    2. 2. The Issue of Remand No access
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    3. 3. Introduction of a Time Limit No access
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  3. III. “Takeaways” for the Creation of an Appeal Mechanism No access
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4. D. Conclusion No access
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1. A. Introduction No access
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2. B. Terminological Conundrum No access
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3. Authors:
  1. I. Paucity of Provisions in International Investment Agreements No access
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  2. II. Consent No access
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  3. III. Interpretation of Silence No access
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  4. IV. Link between Claims No access
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  5. V. Procedures, Techniques, and Hybridity of Proceedings No access
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  6. VI. Investment Mass Claims – Quo vadis? No access
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4. D. Necessity for Regulation No access
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5. Authors:
  1. I. Ongoing Debate No access
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  2. II. Preconceptions about Mass Investment Claims No access
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  3. III. Promoting Procedural Efficiency No access
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  4. IV. Strengthening the Rights of Individuals and Small and Medium-Sized Enterprises No access
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  5. V. Commentary No access
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6. F. Implementation of Mass Investment Claims into the MIC Statute No access
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7. G. Conclusion No access
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1. A. Introduction No access
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2. Authors:
  1. I. From ad hoc panels to permanent adjudicators No access
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  2. II. Full vs selective representation No access
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  3. III. Nomination and selection – whom, how? No access
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  4. Authors:
    1. 1. The EU Proposals No access
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    2. 2. The Bungenberg/Reinisch Proposals and the MIC Draft Statute No access
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    3. Authors:
      1. a) Structural independence No access
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      2. b) Individual independence (and impartiality) No access
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      3. c) ‘Internal’ repeat appointments: No access
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      4. d) ‘External’ repeat appointments No access
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      5. e) ‘Issue conflicts’: No access
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      6. f) Other relationships of ITI adjudicators No access
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    4. 4. Preliminary Conclusion: Criteria for a Selection Procedure No access
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  5. V. Competence and Screening No access
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  1. I. The Diversity Deficit in International Investment Arbitration No access
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    1. 1. Elements of Representation No access
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    2. 2. Geographical Diversity No access
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    3. 3. Gender Diversity No access
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    4. 4. Age Diversity No access
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    5. 5. 'Background Diversity' No access
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  3. Authors:
    1. 1. The EU Proposals No access
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    2. 2. The Bungenberg/Reinisch Proposals and the MIC Draft Statute No access
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    3. 3. The Kaufmann-Kohler/Potestà Proposals No access
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  4. IV. The CETA Lesson – Diversity is up to the Parties No access
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4. D. Conclusion No access
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1. A. Introduction No access
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2. B. Changing Incentives: From Ad Hoc Appointments to a Permanent Bench No access
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3. C. Full-Time vs. Part-Time Adjudicators No access
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4. Authors:
  1. I. The Existing Landscape of Code of Conducts for International Adjudicators No access
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  2. II. The Core Duties of Impartiality and Independence No access
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  3. III. Double Hatting No access
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  4. IV. Issue Conflict No access
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  5. V. Duty of Disclosure No access
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  6. VI. Obligations of Former Adjudicators No access
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  7. VII. Remedies for Bias No access
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5. E. Conclusion No access
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1. A. Introduction No access
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2. Authors:
  1. I. Implementation of an MIC as a Specific Reform Option No access
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  2. II. Implementation of an MIC as Part of a Multitude of Reform Options No access
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  3. III. A Possible Middle Way? No access
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    1. 1. Models for an Opt-In Convention No access
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    2. Authors:
      1. Authors:
        (1) Reservations No access
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        (2) Declarations No access
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        (3) Alternative and Optional Provisions No access
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      2. b) Desirable Degree of Flexibility No access
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  2. II. Multilateral Institution for ISDS No access
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4. Authors:
  1. I. Only Future IIAs No access
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  2. II. Only Existing IIAs No access
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  3. III. Both, Existing And Future IIAs No access
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5. Authors:
  1. I. Both Host and Home State are Parties to an MRI No access
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  2. II. Only the Host State is Party to an MRI No access
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  3. III. Only the Home State is Party to the MRI No access
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  4. IV. Neither Home nor Host State are Parties to the MRI No access
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6. F. Conclusion No access
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1. A. Introduction No access
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    1. 1. Enforceability of MIC decisions under the ICSID Convention? No access
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    2. 2. Inter-se Modification of the ICSID Convention? No access
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    3. 3. Interim Conclusion concerning the ICSID Convention No access
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      1. a) Appointment of Adjudicators No access
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      2. b) Analogy with the IUSCT No access
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      3. c) Analogy with the CAS No access
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      4. d) Adjudicators as Non-State Decision Makers No access
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      5. e) UNCITRAL Recommendation No access
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      6. f) Interim Conclusion No access
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    2. 2. Voluntary Submission to the MIC? No access
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    3. 3. Appeal Mechanism as Enforcement Obstacle? No access
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    4. 4. Foreign or Non-Domestic Award? No access
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    5. 5. Reservation of the New York Convention on ‘Commercial Matters’? No access
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    6. 6. Interim Conclusion concerning the New York Convention No access
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3. C. Establishment of an MIC Inherent Enforcement System? No access
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4. D. Fund – a Complement to the Enforcement of MIC Decisions? No access
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5. E. Conclusion No access
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1. A. Introduction No access
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2. B. The EU’s Approach to ISDS in Treaty Practice No access
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3. C. The EU’s Participation in the ISDS Reform Process No access
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      1. a) No Jurisdiction to Interpret and Apply EU Law No access
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      2. b) The Level of Protection of Public Interest No access
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    2. 2. The General Principle of Equal Treatment and the Requirement of Effectiveness No access
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    3. Authors:
      1. a) Level of Accessibility No access
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      2. b) Independence and Impartiality No access
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  2. II. Consequences for the Establishment of the MIC No access
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5. E. Are these Conditions Met by the MIC Draft Statute? No access
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6. F. Conclusion and Outlook No access
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1. A. Introduction No access
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2. Authors:
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    1. 1. Selection of a party-appointed arbitrator No access
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    2. 2. Challenging an arbitrator No access
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  2. II. Practitioner perspective on MIC proposals on appointment of arbitrators No access
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  3. III. Practitioner perspective on MIC proposals on diversity No access
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  1. I. ‘Appeals’ within the current ICSID framework No access
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  2. II. Practitioner perspective on MIC proposals on appeals No access
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4. D. Concluding Remarks on the Broader Context No access
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