Draft Statute of the Multilateral Investment Court

descriptionPublicationkeyboard_double_arrow_right Book 01 Jan 2021Embargo end date: 24 Jan 2022 Austria Publisher:Nomos Verlagsgesellschaft mbH & Co. KG

Authors: Bungenberg, Marc; Reinisch, August;

doi: 10.5771/9783748924739 , 10.22028/d291-35314

Draft Statute of the Multilateral Investment Court

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Abstract

The EU is aiming for a Multilateral Investment Court (MIC) to replace the existing investment arbitration system. Based on the current debates in UNCITRAL and other fora this Draft Statute of an MIC demonstrates that it is possible to have a new system of dispute settlement. For the first time, a complete draft agreement is presented for the design of such an MIC as a new international organization, implementing strict rule of law-requirements for dispute settlement. Besides rule of law-considerations, cornerstones are reduced costs, a permanent bench of judges with an appellate system, transparency, more consistency in case law as well as the effective enforceability of MIC decisions.

Country

Austria

Related Organizations

University of Vienna
Austria

Keywords

bic Book Industry Communication::H Humanities::HB History::HBT History: specific events & topics::HBTZ Genocide & ethnic cleansing, Investment Law, 505029 Völkerrecht, KZ2-6785, Multilateral, Investment Court, 505029 International law

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