The broad mandate given by UNCITRAL focuses on a limited set of procedural issues that fails to address the substantive concerns over the crisis of legitimacy confronting the international investment regime, and ISDS more specifically.
Les lobbies des entreprises ont commencé à faire pression sur la Commission européenne pour créer un nouveau système de justice parallèle, similaire aux anciens TBI intra-UE, mais compatible avec le droit européen.
Nigerian labour unions and civil society organizations have urged the government not to assent to the ECT, explaining that the Treaty contains provisions for an Investor-State Dispute System (ISDS), which accords investors obscene privileges.
Canada released its “modernized and inclusive” Foreign Investment Promotion and Protection Agreement Model, sending a message that it intends to continue to provide international dispute resolution protections to foreign investors.
The solution to the “regulatory chill” problem lies not in the cosmetic amendments to IIAs but in “supranational” legal regimes providing for full convergence of international investment law and human rights.