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