A true reform or mere cosmetic improvements?
T&E has consistently denounced the flawed ISDS mechanism (investor- state- dispute settlement). One of the main concerns is that claims by foreign investors, or even threats of claims, could deter the EU or Member States from adopting measures to protect the environment.
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We therefore welcome that the Commission proposes to step away from private, ad-hoc arbitration and establish a multilateral investment court. However, T&E can only give its support to this initiative if our core concerns, most importantly the protection of the right to regulate, are duly addressed.
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