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

European Parliament INTA Committee European Parliament INTA Committee Multilateral Investment Court Latest developments and state of play Brussels, 12 October 2017

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 of investment dispute resolution : http://eur- lex.europa.eu/legal- content/EN/TXT/PDF/?uri=CELEX:52017SC0302&fr om=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 organisations, 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 of 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 of 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