Book contents
- The European Union and International Investment Law Reform
- Cambridge International Trade and Economic Law
- The European Union and International Investment Law Reform
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Acknowledgements
- Table of Cases
- Table of Legislation
- Abbreviations
- General Introduction
- Part I International Investment Regulation
- Part II The Internal Investment System of the EU
- Part III The External Investment System of the EU
- Introduction to Part III
- 7 Political Context of the EU International Investment Reform
- 8 EU Standards in International Investment Treaties
- 9 The Investment Court System
- 10 The EU and UNCITRAL
- Conclusion to Part III
- General Conclusion
- Bibliography
- Index
Introduction to Part III
The External Investment System of the EU
from Part III - The External Investment System of the EU
Published online by Cambridge University Press: 13 July 2023
- The European Union and International Investment Law Reform
- Cambridge International Trade and Economic Law
- The European Union and International Investment Law Reform
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Acknowledgements
- Table of Cases
- Table of Legislation
- Abbreviations
- General Introduction
- Part I International Investment Regulation
- Part II The Internal Investment System of the EU
- Part III The External Investment System of the EU
- Introduction to Part III
- 7 Political Context of the EU International Investment Reform
- 8 EU Standards in International Investment Treaties
- 9 The Investment Court System
- 10 The EU and UNCITRAL
- Conclusion to Part III
- General Conclusion
- Bibliography
- Index
Summary
The EU proposal for investor-State dispute settlement (ISDS) reform introduces a shift from an ad hoc investment arbitration to a permanent court-type adjudication in order to address the legitimacy and rule of law concerns about the current international investment regulation (IIR). This paradigmatic shift at the EU level has been triggered by political controversies within the EU, emerging primarily from public reaction against ISDS. At the same time, the proposal has been shaped by the EU’s own normative and institutional framework, based on the rule of law in which a court plays the central role. In Part III we will explore why old ISDS is ‘dead’ for the EU and what its envisaged replacement in EU external investment relations would be, both bilaterally and multilaterally.
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- Chapter
- Information
- The European Union and International Investment Law ReformBetween Aspirations and Reality, pp. 227 - 228Publisher: Cambridge University PressPrint publication year: 2023