The Path to a Multilateral Investment Court – Keynote to the 4th EFILA Annual Conference 2019

Abstract

Colin Brown, representing the European Commission, presented the EU’s view on the reform of the investment dispute settlement system. At the core of the EU’s proposal is the creation of a permanent Multilateral Investment Court (MIC) with full-time judges. According to the EU, only a permanent standing two-tier mechanism with full-time judges can effectively address the concerns regarding the currently existing investor-State dispute settlement (ISDS) system in respect of which reform is – according to the EU – desirable.