The Investment Court System. Potential incompatibilities with European Union Law

  • Ana Mercedes López Rodríguez University Loyola Andalusia
DOI: https://doi.org/10.18543/ced-57-2017pp29-68
Keywords: foreign investments, ISDS, International Investment Court, TTIP, CETA

Abstract

With the entry into force of the Lisbon Treaty in 2009 the European Union has taken an exclusive competence on foreign direct investments (art. 207 TFEU). Together with the common commercial policy, it is now one of the main pillars of the external action of the EU. The Union has seen this new competence as a good opportunity to undertake a comprehensive regulation of trade and investment issues at the European level, including a major reform of the traditional mechanisms of Investor-State Dispute Settlement (ISDS). The proposed reforms include the creation of an International Investment Court, but this proposal is controversial and faces potential legal pitfalls from the point of view of EU law.

Received:10 November 2016
Accepted: 11 May 2017
Published online: 01 October 2017

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Author Biography

Ana Mercedes López Rodríguez, University Loyola Andalusia

Ana Mercedes López Rodríguez is Associate Professor of Private International Law at the University Loyola Andalusia (Spain). Member of the Higher Corps of Civil Administrators of the autonomous region of Andalusia (on leave). She has participated in different European and Spanish research projects. Her main lines of research are Private International Law of the European Union, European Union Law and Commercial and Investment Arbitration. Selected publications in the field of European Law: Lex Mercatoria and Harmonization of Contract Law in the EU, DJØF Publishing, Copenhaguen, 2003 (ISBN 87-574-0947-1); «Towards a European Civil Code without a Common European Legal Culture? – the Link between Law, Language and Culture», 29 Brooklyn Journal of International Law, n. 3, 2004, pp. 1195-1220; «EU-rettens påvirkning af formueretten – det formelle og det faktiske perspektiv», Ugeskrift for Retsvæsen, Vol. 14, n.º 3, 2004, pp. 115-121; «El contrato de distribución exclusiva o concesión comercial como contrato de prestación de servicios a efectos de la aplicación del foro contractual del Reglamento de Bruselas I», La Ley Unión Europea, vol. 13, 2014, pp. 37-44; «Los pactos de exclusiva en los contratos de abanderamiento y suministro a estaciones de servicio y el Derecho europeo de la competencia», La Ley Unión Europea, vol. 24, 2015, pp. 62-71; «Investment Arbitration and EU Law in the Aftermath of Renewable Energy Cuts in Spain», European Energy and Environmental Law Review, Vol. 25, 2016, pp. 1-10 (co-written with Pilar Navarro Rodríguez).

Published
2017-10-01
How to Cite
López Rodríguez, Ana Mercedes. 2017. “The Investment Court System. Potential Incompatibilities With European Union Law”. Deusto Journal of European Studies, no. 57 (October), 29-68. https://doi.org/10.18543/ced-57-2017pp29-68.
Issue
No. 57 (2017): La contribución de la UE a los grandes desafíos de la sociedad internacional
Section
Monographic Articles

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