Multilateral Investment Court Latest developments and state of play - - PowerPoint PPT Presentation

Multilateral Investment Court

Latest developments and state of play

Brussels, 12 October 2017

European Parliament INTA Committee

European Parliament INTA Committee

Outline

• EU-internal developments
• EU-external developments

EU-internal developments

SOTEU trade package

• Recommendation for a Council Decision

authorising the opening of negotiations for a Convention establishing a multilateral court for the settlement of investment disputes: https://ec.europa.eu/transparency/regdoc/rep/1/2 017/EN/COM-2017-493-F1-EN-MAIN-PART-1.PDF

• Annex (negotiating directives):

http://ec.europa.eu/transparency/regdoc/rep/1/20 17/EN/COM-2017-493-F1-EN-ANNEX-1-PART- 1.PDF

SOTEU trade package

Accompanying documents:

• Impact Assessment on a multilateral reform
• f investment dispute resolution: http://eur-

lex.europa.eu/legal- content/EN/TXT/PDF/?uri=CELEX:52017SC0302&fr

• m=EN
• Executive summary (all languages): http://eur-

lex.europa.eu/legal- content/EN/TXT/?qid=1505306108510&uri=SWD: 2017:303:FIN

Engagement with stakeholders

Impact Assessment public consultation

• Stakeholder meeting

https://webcast.ec.europa.eu/stakeholder-meeting-on-a- multilateral-reform-of-investment-dispute-resolution

• Questionnaire

https://ec.europa.eu/eusurvey/publication/mutlilateralinves tmentcourt

• Anonymous contributions

http://ec.europa.eu/trade/trade-policy-and- you/consultations/multilateral-reform/

• Other input

http://trade.ec.europa.eu/doclib/docs/2017/april/tradoc_15 5495.pdf

Engagement with stakeholders

Continued engagement with civil society

• Dedicated meeting with civil society on 20 November

(under preparation): open to all interested stakeholders and livestreamed

• Ad hoc meetings and exchanges with stakeholders

More information on the Commission's website: http://trade.ec.europa.eu/doclib/press/index.cfm?id=16 08

EU-external developments

UNCITRAL discussions. Transparency

UNCITRAL (United Nations Commission on International Trade Law) commitment to transparency and openness

• Participation open to all UN members and any

interested party (international/regional

• rganisations, civil society)
• Publication of meeting reports and audio

recordings

More information: http://www.uncitral.org/uncitral/index.html

UNCITRAL discussions. Timeframe

10 July 2017: UNCITRAL Commission entrusts Working group III to further work on a multilateral reform of ISDS:

“The Commission entrusted Working Group III with a broad mandate to work on the possible reform of investor-State dispute settlement (ISDS). In line with the UNCITRAL process, Working Group III would, in discharging that mandate, ensure that the deliberations, while benefiting from the widest possible breadth of available expertise from all stakeholders, would be government-led with high-level input from all governments, consensus-based and be fully

• transparent. (…)"

UNCITRAL discussions. Timeframe

The Working Group would proceed to:

1. Identify and consider concerns regarding ISDS; 2. Consider whether reform was desirable in light of any identified concerns; 3. If the Working Group were to conclude that reform was desirable, develop any relevant solutions to be recommended to the Commission. (…).”

Full report of the Commission UNCITRAL: http://www.uncitral.org/pdf/english/commissionsessions/unc- 50/A-72-17-E.pdf

UNCITRAL discussions. Timeframe

27 November – 1 December 2017: First meeting

• f WG III
• Provisional agenda:

http://www.uncitral.org/pdf/english/workinggrou ps/wg_3/141-prov_ag-e.pdf

• UNCITRAL Secretariat paper on ISDS reform:

http://www.uncitral.org/pdf/english/workinggrou ps/wg_3/142-e.pdf

• Other documents relevant for WG III:

http://www.uncitral.org/uncitral/en/commission/ working_groups/3Investor_State.html

UNCITRAL discussions. Timeframe

Way forward

• 23 – 27 April 2018: Second meeting of WG III
• July 2018: WG III to report back to UNCITRAL

Commission

• UNCITRAL Commission documents:

http://www.uncitral.org/uncitral/en/commission/session s.html

Ad hoc informal discussions

Informal ad hoc discussions on multilateral reform

• f ISDS and the multilateral investment court

continue. Examples

• 21 September 2017 Seoul (Korea) seminar on

multilateral reform of ISDS.

• 9-11 October 2017 – UNCTAD IAA Conference

For more information

European Commission, DG TRADE, Multilateral Investment Court project: http://trade.ec.europa.eu/doclib/press/index.cfm?id=1608 Contact: TRADE-F2-MULTILAT-INVEST-DS@ec.europa.eu UNCITRAL Working Group III (Investor-State Dispute Settlement Reform): http://www.uncitral.org/uncitral/en/commission/working_groups/3Investor_State.html