Abstract:
Public backlash against arbitration as the dominant method of investor-state dispute resolution has in recent years resulted in a number of reform proposals. Many of them aim at either supplementing or replacing the existing mechanisms with court-like forms of adjudication. The lecture will discuss two such proposals, which have enjoyed notable political support: the EU Investment Court System and the Belt and Road dispute resolution mechanism. Prospects for establishment of a multilateral investment court will also be examined, with regard to pending proceedings of UNCITRAL Working Group III, and to the EU-China BIT negotiations.
Discussant:
Professor Matthew Happold — University ofLuxembourg