Abstract
This paper discusses the EU Commission’s proposal to establish a ground-breaking, two-tier Investment Court System in the Section 3 of the Commission’ draft TTIP to address concerns about systemic deficiencies looming behind the current ISDS (mainly lack of legitimacy, consistency and transparency) by bringing the private model of investment dispute settlement back to the public domain, as well as providing for an appellate mechanism to harmonise inconsistency in rulings and correct erroneous decisions. This undoubtedly contributes to develop a more coherent investment arbitration body of law, restoring predictability and faith in investment treaty regime, and therefore boosts foreign investments and economic growth.
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