@article{2019:garzn:designing_,
title = {Designing a Multilateral Investment Court: Blueprints for a New Route in Investor-State Dispute Settlement},
year = {2019},
note = {Criticisms to investment arbitration persist and currently the
discussions pertaining possible reforms to Investor-State Dispute
Settlement (ISDS) are being held on a multilateral level at UNCITRAL.
Among the options, a Multilateral Investment Court (MIC) stands out,
since it would mark a new route in international investment law.
Although the European Union has laid the groundwork for a future MIC
by means of new investment agreements, some states remain reluctant to
it. In any event, should the MIC be chosen as the new mechanism to
solve investment disputes, careful consideration to its basic features
must be given, particularly, those aimed to overcome the shortfalls of
investment arbitration. A permanent body of adjudicators, an appeal
mechanism, transparency and an explicit right to regulate might be
indispensable to achieve the desired result. Certainly, an agreement
to establish an MIC will not be easy to achieve, however, the time has
never been more appropriate to engage in a comprehensive reform.},
journal = {ZEuS Zeitschrift für Europarechtliche Studien},
pages = {477--502},
author = {Garzón, Andrés Eduardo Alvarado},
volume = {22},
number = {3}
}