The European Union and investor-state dispute settlement

He is a member of the ICSID panels of conciliators and of arbitrators and a member of the Permanent Court of Arbitration in The Hague. [...] World Trade Organization AUGUST REINISCH • V THE EUROPEAN UNION AND INVESTOR-STATE DISPUTE SETTLEMENT EXECUTIVE SUMMARY Since the transfer of foreign direct investment powers from the European Union member states to the European Union itself in the 2009 Treaty of Lisbon, the European Commission, the main external trade actor for the European Union, has started to negotiate international investment [...] To take one example, the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), is open to signature and ratification by states members of the World Bank or party to the Statute of the International Court of Justice. [...] Nonetheless, one could argue that the negative stance toward the TTIP mirrors the widespread phenomenon of “euro-skepticism” and thus a certain degree of mistrust toward EU institutions, linking up with the anti-globalization movement of the 1990s that led to the demise of the Multilateral Agreement on Investment (MAI) in 1998.58 Furthermore, it is interesting to note that the general TTIP critici [...] The European Commission’s Reflection Period and Consultations on ISA Toward the end of 2013, public criticism of investment protection, and of ISA in particular, gained such momentum that the European Commission interrupted the TTIP negotiations and announced a “reflection period” in late January 2014.99 This led to a public consultation in which the European Commission invited the public to comme