by Dr. Nikos Lavranos LLM, Secretary General of EFILA* During 2015 it became clear that the European Commission was under mounting pressure from the European Parliament (EP), Trade Ministers of several EU Member States, anti-ISDS NGOs and the media to propose more “reforms” of the investor-State dispute settlement (ISDS) system that is contained in CETA and… Read More The Shortcomings of the Proposal for an “International Court System” (ICS)
by Horia Ciurtin LL.M., Managing Editor of the EFILA Blog* (Legal) Multipolarity Revisited: What Lies Beyond Westphalia? This brief introduction to such an ambitious thematic must undoubtedly commence by positing its adherence to the (non-legal) core concept of ‘grand strategy’ and its realist avatars in international economic law. More precisely, it shall be argued that –… Read More Redefining the ‘Centre’: International Economic Law and Grand Strategy in a Multipolar World
Supported by Neil Kaplan and Doak Bishop In collaboration with Neil Kaplan QC CBE and R. Doak Bishop, the Bucerius Law Journal is proud to announce its first conference on International Investment Law & Arbitration. The conference will take place in the facilities of the Bucerius Law School in Hamburg, Germany on 22nd and 23rd April… Read More Call for Papers: Bucerius Law Journal Conference on International Investment Law & Arbitration
We are pleased to offer you the full text of the 2015 EFILA Inaugural Lecture by Sophie Nappert, “Escaping from Freedom? The Dilemma of An Improved ISDS Mechanism“, delivered on 26 November 2015 in London. In times such as ours, when freedom is often abandoned for security to be gained, Sophie Nappert’s lecture is a… Read More The 2015 EFILA Inaugural Lecture: Escaping from Freedom?
by Prof. Georges Affaki* Many readers of this Blog spent the summer watching the brinkmanship of the Greek national debt third bailout unfold. Few were aware that part of that debt was being bitterly fought in fora other than the European Commission or the Greek Parliament: investment arbitral tribunals. This article reflects on the future… Read More The Greek Sovereign Debt Rescheduling, EU Bail-In and Investment Arbitration
by Prof. Loukas Mistelis, QMUL* The Transatlantic Trade and Investment Partnership (TTIP) and, in particular, its Investor-State Dispute Settlement provisions (ISDS) have been the focal point of an intense and polarising debate within the EU. Opponents of TTIP, on the one hand, reject the very idea of a new multilateral trade and investment agreement and… Read More ISDS in TPP and TTIP Negotiations – Lessons for the EU
This month’s recommendation from Oxford University Press: Gebhard Bücheler – Proportionality in Investor-State Arbitration. The new volume by Gebhard Bücheler: Shows that proportionality is a general principle of law relevant to investor-State arbitration Develops an analytical framework for deciding in which legal settings conflicts between the interests of foreign investors and the public interest ought to be resolved… Read More EFILA Blog’s October Recommendation: Proportionality in Investor-State Arbitration
by Emanuela Matei, Of Counsel – Mircea and Partners* This post represents a reply to Horia Ciurtin’s material “The Future of Investment Treaties: Metamorphosis or Deconstruction?”, published on the EFILA Blog on 8th September. Another reply will follow from Horia Ciurtin in the following weeks. Of Two Evils Choose Neither We are living in a… Read More Defining International Investment Law for the 21st Century (A Reply)
by Horia Ciurtin LL.M, Managing Editor of the EFILA Blog* Traditionally, the sole subjects of public international law are sovereign states. Therefore, in the Westphalian system, only statal political entities are able to assume obligations and benefit from certain rights at an international level. As a consequence, under this classical approach, only such actors can initiate… Read More The Future of Investment Treaties: Metamorphosis or Deconstruction?
by Duarte G. Henriques, BCH Advocados* Some time ago, a question was asked to the members of the ICC Institute of World Business Law, of which I am a member, aiming at contributing to its quarterly newsletter: are third party funders a game-changer or business as usual? At the time I was not able to… Read More Third Party Funders: Game-Changers or Business as Usual?