On 1 August 2016 the Commission published its roadmap for a Council Decision proposal authorising the Commission to negotiate a Convention to establish a multilateral court on investment.
In this briefing T&E welcomes a public debate on this controversial issue, and the initiative to provide feedback on the initial roadmap and through a public consultation. Additionally, we welcome the Commission’s intentions to abandon the controversial private arbitration, the establishment a permanent multilateral Investment Court System (ICS) could be a solution. However, the details of the legal and democratic construction of such a court remains to be see.
The Commission intends to consult all stakeholders at a conference in the second part of 2016.