The proposed Investment Court System: does it really solve the problems?

Revista Derecho del Estado

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Title The proposed Investment Court System: does it really solve the problems?
The proposed Investment Court System: does it really solve the problems?
 
Creator Charris Benedetti, Juan Pablo
 
Subject Investment Court System (ics);
Investor-State Disputes Settlement (isds);
Foreign Direct Investment (fdi);
International Investment Agreement (iia);
Comprehensive Economic and Trade Agreement (ceta);
Transatlantic Trade and Investment Partnership (ttip)
Sistema de Corte de Inversiones;
Sistema de Resolución de Controversias entre Inversores y el Estado;
Inversión Extranjera Directa;
Acuerdos Internacionales de Inversión;
Acuerdo Económico y Comercial Global (aecg);
Asociación Transatlántica de Comercio e Inversión
 
Description In recent years, the foreign investment regime has been subject to an increasing volume of criticism from the public. The significant sums of money at stake and the potential impact of the awards on State’s regulatory powers have placed the Investor-State Dispute Settlement (isds) under the spotlight. In response to this, the European Union has proposed a far-reaching reform which introduces an Investment Court System (ics). This model constitutes an innovative dispute settlement mechanism intended to address most of the core issues of the isds by combining elements of the traditional isds with judicial features. Overall, this paper aims at analysing whether the EU’s new approach constitutes an effective improvement to the traditional isds and the future of the international investment regime. To achieve this, the study begins with an overview of the current isds; followed by a synopsis of the main criticisms to the traditional isds; proceeded by a review of the core features of the EU’s proposed ics and its inclusion in the new generation of iias in negotiation by the EU; and finally, provides a commentary of the main criticisms and obstacles that the introduction of the ics is likely to encounter.
En los últimos años, el régimen de inversión extranjera ha sido objeto de un creciente número de críticas del público. Las sumas significativas de dinero en juego y el posible impacto de los laudos en los poderes regulatorios del Estado han puesto al actual Sistema de Resolución de Controversias entre Inversores y el Estado bajo la lupa. En respuesta a ello, la Unión Europea ha propuesto una reforma de gran alcance mediante la introducción de un Sistema de Corte de Inversiones (sci). El nuevo sistema constituye un mecanismo innovador de resolución de controversias internacionales destinado a remediar los problemas centrales que acarrea el sistema actual, mediante la combinación de elementos tradicionales del arbitraje con rasgos judiciales.
En este contexto, el presente escrito pretende analizar si el nuevo enfoque de la Unión Europea constituye una mejora efectiva del actual mecanismo de resolución de controversias de inversiones y del futuro del régimen de inversión internacional. Para dicho propósito, el artículo comienza con una descripción general del actual Sistema de Resolución de Controversias entre Inversores y el Estado; seguido de una sinopsis de sus principales críticas; continúa con un resumen de las principales características del Sistema de Corte de Inversiones, así como de su inclusión en la nueva generación de acuerdos internacionales de inversión en negociación por la Unión Europea; y, finalmente, hace una referencia a las principales críticas y posibles obstáculos que afrontará la introducción del nuevo Sistema de Corte de Inversiones.
 
Publisher Departamento de Derecho Constitucional
 
Date 2018-11-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
text/html
application/xml
 
Identifier https://revistas.uexternado.edu.co/index.php/derest/article/view/5665
10.18601/01229893.n42.04
 
Source Revista Derecho del Estado; No 42 (2019): January-April; 83-115
Revista Derecho del Estado; Núm. 42 (2019): Enero-Abril; 83-115
2346-2051
0122-9893
 
Language eng
spa
 
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https://revistas.uexternado.edu.co/index.php/derest/article/view/5665/7062
https://revistas.uexternado.edu.co/index.php/derest/article/view/5665/7383
https://revistas.uexternado.edu.co/index.php/derest/article/view/5665/7567
 
Rights Derechos de autor 2018 Juan Pablo Charris Benedetti
http://creativecommons.org/licenses/by-nc-sa/4.0
 

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