Friends of the Earth Europe welcomes a reference to the UN process to establish binding rules that would force multinational corporations to respect human rights laws, but calls on the EU to start actively supporting this UN process.
High-level South Korean diplomats have expressed their preference for the old investor-state dispute settlement (ISDS) system over the Investment Court System (ICS) in the framework of a future investment chapter in the EU-South Korea FTA.
Legal practitioners have been saying for some time now that SA’s Protection of Investment Act is not in sync with the country’s commitments under the Southern African Development Community Protocol on Finance and Investment.
India has written to 47 countries to nullify the existing bilateral investment agreements and ink fresh treaties that will make it mandatory for foreign investors to exhaust local judicial remedies before seeking arbitration.
Aucun des principes de cet ICS ne pourra trouver sa place au sein de la CPA tant il est impossible de remplacer les arbitres par des juges permanents, de leur interdire d’exercer des activités d’avocat...
With the growing concern over the traditional ISDS system, it is highly unlikely that the AfCFTA will include an ISDS mechanism giving investors access to go to international arbitration under conventional international tribunals.