EU proposes permanent multilateral ISDS court

The European Commission submitted its proposal to the United Nations on Friday.

EU proposes permanent multilateral ISDS court

The European Commission submitted its proposal to the United Nations on Friday.

EU proposes permanent multilateral ISDS court

The European Commission submitted its proposal to the United Nations on Friday.

 
The European Union on Friday submitted two papers aimed at guiding the development of multilateral investor-state dispute settlement (ISDS) reform at the United Nations, the European Commission announced in a press release.
    The first paper proposes establishment of a permanent multilateral investment court with an appeal system and full-time adjudicators.
    The EU claims its proposal would enhance predictability and consistency of decisions and ensure their correctness, eliminate ethical concerns of the current system and effectively address the issues of excessive costs and duration, according to the commission’s press release.
    The second paper proposes a work plan for the U.N. Working Group under the U.N. Commission on International Trade Law (UNCITRAL), which has been tasked with examining ISDS reform, the EU said.
    “The EU papers are a contribution to a multilateral discussion on ISDS reform with broad and inclusive participation of all countries and stakeholders,” the press release says.
   Proposals by the EU and outside countries will be discussed at the next meeting of the Working Group April 1 to 5.

We thought our numbers would go down because of the trade war. It could still happen, but it hasn’t so far.

Average container vessel size on the Asia to North Europe trade actually shrank between May 2018 and May 2019, falling from 14,253 TEUs to 13,808 TEUs, although total container vessel count on the trade rose from 219 to 229, according to BlueWater Reporting’s Capacity Report.

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EU proposes permanent multilateral ISDS court

The European Commission submitted its proposal to the United Nations on Friday.

Jan 21, 2019 on Dec 27, 2018AmericanShipper.com

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EU proposes permanent multilateral ISDS court

The European Commission submitted its proposal to the United Nations on Friday.

Jan 21, 2019 on Dec 27, 2018AmericanShipper.com