Latest from Brussels

Commission proposes replacing ISDS with more of the same

UPDATED 17/09/2015 at 12.42 CET (with US Chamber of Commerce information in final paragraph) Critics have rounded on yet another fudge by the EU Commission  on the highly controversial ISDS  – Investor State Dispute Settlement – element of TTIP – the Transatlantic Trade and Investment Partnership. Today at midday, the Commission announced “a new Investment Court System which would replace the ISDS mechanism in all on-going and future EU investment negotiations.” It “has approved its proposal for a new and transparent system for resolving disputes between investors and states – the Investment Court System. This new system would replace the existing investor-to-state dispute settlement (ISDS) mechanism in all ongoing and future EU investment negotiations, including the EU-US talks on a Transatlantic Trade and Investment Partnership (TTIP).” The Commission’s First Vice-President Frans Timmermans said  “With our proposals for a new Investment Court System, we are breaking new ground. The new Investment Court System will be composed of fully qualified judges, proceedings will be transparent, and cases will be decided on the basis of clear rules. With this new […]