From Bilateral Arbitral Tribunals and Investment Courts to a Multilateral Investment Court : : Options Regarding the Institutionalization of Investor-State Dispute Settlement.

• Superior document: European Yearbook of International Economic Law Series
• Author: Bungenberg, Marc.
• TeilnehmendeR: Reinisch, August.
• Place / Publishing House: Berlin, Heidelberg : : Springer Berlin / Heidelberg,, 2019.; ©2020.
• Year of Publication: 2019
• Edition: 2nd ed.
• Language: English
• Series: European Yearbook of International Economic Law Series
• Physical Description: 1 online resource (232 pages)

Table of Contents

Intro -- Preface -- Contents -- Abbreviations -- Chapter 1: Executive Summary -- 1.1 Preliminary Considerations Regarding the Establishment of the MIC/MIAM -- 1.2 Organisational Structure -- 1.3 Procedure of the MIC -- 1.4 Applicable Law of the MIC -- 1.5 Legal Remedies and Enforcement of MIC Decisions -- 1.6 Establishment of a Standalone Multilateral Investment Appellate Mechanism (MIAM) -- References -- Chapter 2: Introduction -- References -- Chapter 3: Targets for the Reorganisation of the Investment Protection Regime -- 3.1 Positive Effects of a New Approach -- 3.1.1 Consistency of Decisions -- 3.1.2 Greater Legitimacy -- 3.1.3 Independence and Neutrality of Judges -- 3.1.4 Lack of a Control Mechanism -- 3.1.5 Cost Efficiency -- 3.1.6 Access for SMEs -- 3.1.7 Transparency -- 3.1.8 Time Efficiency -- 3.2 Advantages of the Two-Tiered MIC Option -- References -- Chapter 4: Design and Implementation of a Two-Tiered MIC -- 4.1 Institutional and Procedural Design -- 4.1.1 Members of an MIC -- 4.1.2 Plenary Body -- 4.1.2.1 Appointment of Judges Through the Plenary Body -- Number of MIC Judges -- Nomination of Candidate Judges -- Screening Committee -- Diversity Among Judges -- 4.1.2.2 Adoption of Specific Secondary Rules -- Adoption of Internal Procedural Rules, Budget etc. -- Interpretation, Including Subsequent/Authentic Interpretation -- Subsequent Increase of the Number of Judges -- 4.1.2.3 Requirement of Majority for Decision Making -- 4.1.2.4 Transparency in Proceedings of the Plenary Body -- 4.1.2.5 Seat of the Plenary Body and Frequency of Meetings -- 4.1.3 Judges at the MIC -- 4.1.3.1 Full- or Part-Time Judges -- 4.1.3.2 Qualification -- 4.1.3.3 Independence -- 4.1.3.4 Ethics -- 4.1.3.5 Availability -- 4.1.3.6 Remuneration -- 4.1.3.7 Oath of Office -- 4.1.3.8 Immunity -- 4.1.3.9 Parallel Engagements.

4.1.3.10 Appointment/Election by the Parties to the Agreement -- 4.1.3.11 Duration of Appointment and Rotating Reappointment -- 4.1.3.12 Decisions on Instances of Bias by Judges -- 4.1.3.13 Termination of the Appointment -- 4.1.3.14 Removal from Office -- 4.1.4 President of the Court and Vice President of the Court -- 4.1.5 Plenary Decisions, Chambers and Single Judges -- 4.1.6 Appellate Mechanism -- 4.1.7 Secretariat -- 4.1.8 Advisory Centre -- 4.2 The Complaints Procedure Before the MIC -- 4.2.1 Jurisdiction of the MIC -- 4.2.1.1 Membership of the Respondent State and of the Home State of the Investor in the MIC -- 4.2.1.2 (Written) Consent to the Jurisdiction of the MIC -- 4.2.1.3 Jurisdiction Ratione Personae -- 4.2.1.4 Jurisdiction Ratione Materiae -- 4.2.1.5 Jurisdiction Ratione Temporis -- 4.2.1.6 Avoidance of Abuse of Process and Negative Admissibility Requirements -- Dismissal of Inadmissible Claims and Claims Without Merit -- No Jurisdiction over Political State-Owned Enterprises and Sovereign Wealth Funds -- Avoiding Treaty Shopping -- Denial of Benefits and Dismissal of Claims in Case of Corruption -- 4.2.2 Relationship of the MIC to Other Courts and Arbitral Tribunals -- 4.2.3 The Relationship with Domestic Courts -- 4.2.4 The Relationship with Inter-State (Arbitration) Dispute Settlement -- 4.2.5 General Procedure Before the MIC -- 4.2.5.1 Compulsory Consultations? -- 4.2.5.2 First Instance Procedure -- The General Procedure -- Proceedings Upon Application, Submission of a Claim and the Statement of Claim -- Allocation of a Claim to a Chamber -- Examination of Jurisdiction, Inadmissibility or Manifest Ill-Foundedness -- Time Limits for the Submission of a Claim -- Respondent -- Determination of the Appropriate Respondent When International Organisations Enjoying Autonomous Legislative Powers and Their.

Right to Bring a Claim and Subject Matter of a Claim -- Right To Be Heard Before the Court -- Oral Proceedings and ``Free ́́Consideration of Evidence -- Court Fees -- Rules on Cost Allocation Schemes, Legal Funding and Legal Aid -- Non-appearance Before the MIC and Default Judgments -- Intervention and Hearings of Interested Third Parties -- Experts -- Withdrawal of a Claim -- Statement of Reasons and Minority Opinions -- Interim Measures and the Protection of the Claimantś Rights -- Counterclaims -- Mass Action -- Finality and Legal Effects of Judgments -- Legal Representation Before the Court -- 4.2.5.3 Second Instance Procedure/Appeal -- The General Procedure of Appeals -- Duration of Proceedings -- Scope of Review and Investigative Competence -- Chamber or Plenary Decisions In This Sense, Alvarado Garzón (2019), p. 491. -- Second Instance Judgments As Precedent? -- 4.2.6 Consolidation of Pending Procedures at the MIC -- References -- Chapter 5: Applicable Law -- 5.1 Applicable Substantive Law -- 5.1.1 EU Law as Applicable Substantive Law? -- 5.1.2 Uniform Interpretation of Standards of Protection -- 5.1.2.1 Permanency of the Treaty Interpreters at the MIC -- 5.1.2.2 Harmonising Interpretation Mandate -- 5.1.3 Ensuring a Neutral and Objective Interpretation of Standards of Protection -- 5.1.3.1 Clarification and Limitation of Investment Protection Standards in Investment Agreements -- 5.1.3.2 Limiting the Mandate for Interpretation -- 5.1.3.3 Authentic Interpretation by the Parties -- 5.1.3.4 Composition of the MIC: Impartial and Independent Judges -- 5.2 Applicable Procedural Law and Procedural Principles -- 5.2.1 Transparency -- 5.2.2 Efficiency -- 5.2.3 Practice of Judicial Investigation and Limitation of the Subject Matter of the Dispute -- References -- Chapter 6: The Pronouncement of Decisions and Its Consequences.

6.1 Legal Effects of Decisions of International Dispute Settlement Bodies -- 6.2 Effects of Decisions of Investment Arbitral Tribunals -- References -- Chapter 7: Recognition and Enforcement of Decisions -- 7.1 Decisions of the MIC as Arbitral Awards Within the Meaning of the ICSID Convention -- 7.2 Decisions of the MIC as Arbitral Awards Within the Meaning of the New York Convention -- 7.2.1 Voluntary Submission by the Parties -- 7.2.2 Final and Binding Dispute Resolution -- 7.2.3 Non-State Decision-Makers -- 7.2.4 Arbitrator Selection by the Parties -- 7.2.5 Foreign, Non-Domestic and Anational Awards -- 7.2.6 Litigation Between Natural or Legal Persons -- 7.2.7 MIC as a ``Permanent Arbitral Body ́́Under Article I Para. 2 NYC -- 7.2.8 Reservation on ``Commercial Matters ́́Under Article I Para. 3 NYC -- 7.3 Recognition and Enforcement of Decisions of the MIC -- References -- Chapter 8: Possibilities for the Establishment of an MIC and a Possible Connection to Existing Institutions and System Conform... -- 8.1 Practical Implementation of the Establishment of an MIC -- 8.2 Structuring the MIC as an International Organisation -- 8.3 Connection to Existing Institutions -- 8.4 Entry into Force of the MIC Statute Only with a Minimum Number of Members -- 8.5 Establishment of MIC Jurisdiction by Explicit Modification of Existing and Future IIAs -- 8.5.1 Conclusion of New IIAs and FTAs with Investment Chapters -- 8.5.2 Renegotiation and Reform of Existing EU Economic Agreements -- 8.5.3 Inclusion of ``IIA Networks ́́of the Member States in the Establishment of MIC Jurisdiction -- 8.6 The MIC Statute as Opt-In Convention for the Modification of Existing IIAs -- 8.6.1 The Standard Case: Consensus on the Establishment of MIC Jurisdiction -- 8.6.2 Exceptional Cases: Jurisdiction of the MIC Even if the Home State of the Investor Is Not an MIC Member?.

8.6.3 Jurisdiction of the MIC in Case of Multilateral IIAs -- 8.6.4 Summary of the Establishment of MIC Jurisdiction -- 8.7 Transitional Provisions and System Conformity of the MIC -- 8.8 Working Language and Language of Proceedings at the MIC -- 8.9 Cost Distribution in the New System -- 8.10 Overview of the Necessary Agreements and Secondary Instruments -- References -- Chapter 9: Standalone Appeal Mechanism: ``Multilateral Investment Appeals Mechanism ́́(MIAM) -- 9.1 Organisational Structure of the MIAM -- 9.2 General Procedure of the MIAM -- 9.3 Specific Issues -- 9.3.1 Duration of Proceedings -- 9.3.2 Scope of Examination and Investigative Jurisdiction -- 9.3.3 Chamber and Plenary Decisions -- 9.3.4 Decision on the Bias of Arbitrators in the Initial Arbitral Proceedings and MIAM -- 9.3.5 Precedence Created by Second-Instance Judgments? -- 9.4 Decisions Rendered by the MIAM -- 9.5 Enforcement of MIAM Decisions -- 9.6 Possibilities for Setting Up a MIAM -- 9.6.1 Establishment as an Independent International Organisation -- 9.6.2 Necessity of a Minimum Number of Members -- 9.6.3 Establishment of MIAM Jurisdiction -- 9.6.3.1 Establishment of MIAM Jurisdiction by Explicit Amendment of Existing Treaties and Through IIAs Concluded in the Future -- 9.6.3.2 MIAM Statute as an Opt-in Convention to Amend Existing IIAs -- 9.7 Transitional Provisions and System Conformity of a MIAM -- 9.8 Working and Procedural Language of the MIAM -- 9.9 Costs of the New System -- 9.10 Overview of Necessary Agreements Etc. -- References -- Index (refers to page numbers).