Draft Statute of the Multilateral Investment Court.

Format:

Book

Author/Creator:

Bungenberg, Marc.

Contributor:

Reinisch, August.

Series:

Studien zum Internationalen Investitionsrecht - Studies in International Investment Law

Studien zum Internationalen Investitionsrecht,

Language:

English

Physical Description:

1 electronic resource (80 p.)

Edition:

1st ed.

Place of Publication:

Nomos Verlagsgesellschaft mbH & Co. KG 2021

Baden-Baden : Nomos Verlagsgesellschaft, 2021.

Language Note:

English

Summary:

Die EU strebt einen Multilateralen Investitionsgerichtshof (MIC) an, der das bestehende System der Investitionsschiedsgerichtsbarkeit ersetzen soll. Basierend auf den aktuellen Debatten in UNCITRAL und anderen Foren zeigt dieser Entwurf eines Statuts für einen MIC, dass ein neues System der Streitbeilegung möglich ist. Zum ersten Mal wird ein vollständiger Vertragsentwurf für die Ausgestaltung eines solchen MIC als neue internationale Organisation vorgelegt, der strenge rechtsstaatliche Anforderungen an die Streitbeilegung umsetzt. Eckpunkte sind neben Rule of Law-Überlegungen Kostenreduzierung, eine ständige Richterbank mit einem Berufungsgremium, Transparenz, mehr Konsistenz in der Rechtsprechung sowie die effektive Vollstreckbarkeit von MIC-Entscheidungen. Abstract The EU is aiming for a Multilateral Investment Court (MIC) to replace the existing investment arbitration system. Based on the current debates in UNCITRAL and other fora this Draft Statute of an MIC demonstrates that it is possible to have a new system of dispute settlement. For the first time, a complete draft agreement is presented for the design of such an MIC as a new international organization, implementing strict rule of law-requirements for dispute settlement. Besides rule of law-considerations, cornerstones are reduced costs, a permanent bench of judges with an appellate system, transparency, more consistency in case law as well as the effective enforceability of MIC decisions.

Contents:

Cover

Towards a Multilateral Investment Court

1. General Considerations

2. Structure and Organization

3. The Institutional Structure of the MIC

a) Plenary Body

b) The Judges

c) Secretariat

d) Investment Advisory Centre

4. Basic Procedural Characteristics with Special Consideration of the Rule of Law

a) Jurisdiction

b) Procedural Law

5. Applicable Law, Substantive Standards and Consistency of Decisions

6. Decisions of the MIC and their Enforcement

List of References

Draft Statute of the Multilateral Investment Court

Foreword

Preamble

Part I Establishment of the Multilateral Investment Court

Article 1 Establishment of the Multilateral Investment Court

Article 2 Seat of the MIC

Article 3 General Structure of the MIC

Article 4 Membership of the MIC

Article 5 Legal Status and Powers of the MIC

Article 6 Privileges and Immunities

Article 7 Budget of the MIC

Part II Composition of the MIC

Article 8 The Plenary Body

Article 9 Judges of the MIC

Article 10 The Advisory Centre

Article 11 The Secretariat

Part III The Judges, Court of First Instance, and the Appellate Court

Article 12 Nomination, Screening, and Election of Judges

Article 13 Conditions of Service of Judges

Article 14 Duration of Appointment

Article 15 Resignation, Removal, and Replacement of Judges

Article 16 President of the MIC

Article 17 Chambers, Grand-Chambers, and Vice-Presidents of the MIC

Article 18 Appellate Court

Part IV Jurisdiction

Article 19 Scope of Jurisdiction

Article 20 Consent Requirement

Article 21 Jurisdiction over Investment Contracts

Article 22 State-to-State Disputes

Article 23 Exclusivity of Jurisdiction

Article 24 Transitional Clauses

Article 25 Prohibition of Diplomatic Protection

Article 26 Jurisdiction Ratione Temporis.

Article 27 Additional Jurisdictional Requirements

Part V Procedure

Article 28 General Principles

Section 1 General Rules

Article 29 Use of Languages

Article 30 Competence-Competence

Article 31 Applicable Law

Section 2 Powers and Functions of the MIC

Article 32 Powers of the Judges

Article 33 Default Decision

Article 34 Additional Claims and Counterclaims

Article 35 Provisional Measures

Article 36 Proceedings under another International Agreement

Article 37 Consolidation

Article 38 Discontinuance

Article 39 Withdrawal of a Claim

Section 3 First Instance Proceedings

Article 40 Request to Initiate Proceedings

Article 41 Inadmissibility of a Claim

Article 42 Time-Limits for Submission of a Claim

Article 43 Time-Limits for Court of First Instance

Article 44 Decision of First Instance and Formalities

Article 45 Notification Decision of First Instance

Section 4 Appellate Mechanism

Article 46 Grounds for Appeal

Article 47 Appeal Procedure

Article 48 Time-Limits for the Appellate Court

Section 5 Final Decision

Article 49 Final Decision

Section 6 Revision of a Decision

Article 50 Revision

Section 7 Challenge of Judges

Article 51 Procedure for Challenge of Judges

Section 8 Other Provisions on Procedure

Article 52 Third Party Funding

Article 53 Determination of Appropriate Respondent

Article 54 Determination of Costs

Article 55 Experts and Third Parties

Part VI Enforcement

Article 56 Enforcement within MIC Members

Article 57 Enforcement in Non-MIC Members

Article 58 Enforcement Fund

Part VII Final Provisions

Article 59 Signature

Article 60 Ratification and Accession

Article 61 Entry into Force

Article 62 Relation to other International Agreements

Article 63 Amendment of the Statute.

Article 64 Entry into Force of Amendments

Article 65 Review of the Statute

Article 66 Denunciation

Article 67 Status of Annexes

Article 68 Depositary

Article 69 Authentic Texts.

Notes:

Description based on publisher supplied metadata and other sources.

OCLC:

1237406532