On Friday 18 January, the European Union submitted its proposals for reform of the Investor-State dispute settlement system to the United Nations Commission on International Trade Law (UNCITRAL).
In its proposal to the UNCITRAL Working Group on the Reform of the Investor-State Dispute Settlement System ('ISDS'), the EU suggests the creation of a standing Multilateral Investment Court, which could rule not only on disputes between investors and States, but also on disputes between two...