Comhlámh > CETA > The European Association Of Judges (EAJ) Rejects ICS

The European Association Of Judges (EAJ) Rejects ICS

The European Association Of Judges says it “does not see the necessity for such a court system”.

Not necessary:

In its 2016 statement, “On The Proposal From The European Commission On A New Investment Court System,” the European Association Of Judges (EAJ) said: “The  proposal  of  ‘new  Investment  Court  System’,  as  announced  by  the  European Commission  on  September  16th  2015  is  regarded  by  the  European  Association  of Judges  (EAJ)  with  serious  reservations.  […] The EAJ does not see the necessity for such a court system. The judicial system of the European Union and its member states is well established and able to cope with claims of  an  investor  in  an  effective,  independent  and  fair  way.” 

Not Acceptable: Part-Time Arbitrators Paid By The Day:

And went on to say that: “These provisions for the election, time of office and remuneration for the judges of the ICS  do  not  meet  the  minimum  standards  for  judicial  office  as  laid  down  in  the European   Magna   Carta   of   Judges   or   other   relevant   international   texts   on   the independence of judges. [ … ] As the judges do not have to expect a proper salary, their financial independence is in danger.”

In Conclusion

Concluding that, “The  European  Union  and  its  member  states  have  a  well-functioning  judicial  system which is capable of protecting the rights of an investor in all areas of law. It should be central  to  an  international  treaty  on  trade  and  investment,  to  apply  this  system  to investors as the central body to safeguards its rights.”

Read full statement here: ‘Statement From The European Association Of Judges (EAJ) On The Proposal From The European Commission On A New Investment Court System’: https://ala.org.es/wp-content/uploads/2017/02/Statement-European-Association-of-Judges.pdf

Reference: Association Européenne des Magistrats: ‘Statement From The European Association Of Judges (EAJ) On The Proposal From The European Commission On A New Investment Court System’, Paris, November 9th, 2015. Available at: http://ala.org.es/wp-content/uploads/2017/02/Statement-European-Association-of-Judges.pdf