(Sara Migliorini – The Conversation)
One of the provisions of the Comprehensive Economic and Trade Agreement between Canada and the European Union, known as CETA, was a mechanism to handle disputes between governments and investors. The International Court System (ICS), a new EU-Canadian permanent court, was created to help resolve such disputes.
The ICS will hear claims from Canadian investors against the EU or one of its member states, and from EU investors against Canada, on any alleged violations of CETA.
The establishment of the ICS is significant in and of itself. It was created to provide transparency on disputes regarding CETA between Canada and the EU. Its procedures and decisions will be public and subject to appeal. Click here to read more.
- Investment Court System a Sticking Point for CETA Critics (Globe & Mail)
- A More Perfect International Investor Court? (Canadian Bar Association)