The U.S. Should Reject the European Commission’s Proposed Investment Court
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, if negotiated successfully, will certainly contain a mechanism for resolving disputes related to the treaty. The current model for Investor-State Dispute Settlement (ISDS) panels is widely used, but also wrongly controversial, particularly in Europe. The European Commission (EC), the executive body of the European Union (EU), has proposed that the TTIP create a new Investment Court System (ICS) to resolve such disputes. The U.S. should firmly resist this proposal, which departs radically from the well-functioning ISDS system.