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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

Ivana Damjanovic
Affiliation:
Australian National University, Canberra
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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.

Type
Chapter
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The European Union and International Investment Law Reform
Between Aspirations and Reality
, pp. 227 - 228
Publisher: Cambridge University Press
Print publication year: 2023

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  • Introduction to Part III
  • Ivana Damjanovic, Australian National University, Canberra
  • Book: The European Union and International Investment Law Reform
  • Online publication: 13 July 2023
  • Chapter DOI: https://doi.org/10.1017/9781009345422.018
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  • Introduction to Part III
  • Ivana Damjanovic, Australian National University, Canberra
  • Book: The European Union and International Investment Law Reform
  • Online publication: 13 July 2023
  • Chapter DOI: https://doi.org/10.1017/9781009345422.018
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction to Part III
  • Ivana Damjanovic, Australian National University, Canberra
  • Book: The European Union and International Investment Law Reform
  • Online publication: 13 July 2023
  • Chapter DOI: https://doi.org/10.1017/9781009345422.018
Available formats
×