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Home / News-archive / The EU calls for the setting-up of a permanent multilateral investment court

The EU calls for the setting-up of a permanent multilateral investment court

In January 2019, EU member states submitted a paper to the UN Working Group on the Investor-State Dispute Settlement Reform, under the United Nations Commission on International Trade Law (UNCITRAL), containing the EU’s proposal of establishing a permanent multilateral investment court with an appeal mechanism and full-time adjudicators.

In the EU’s view, this represents the only reform option that can effectively respond to all the concerns identified by the UN, as it would: enhance the predictability and consistency of decisions and ensure their correctness; eliminate the ethical concerns of the current system; effectively address the problems of excessive costs and duration.

The EU proposal will be discussed at the next meeting of the Working Group from 1 to 5 April 2019. 

The full text of the proposal can be consulted at the following address:
 https://uncitral.un.org/sites/uncitral.un.org/files/wp159_add1.pdf 
 
by Andrea Cofelice 
 
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