header-logo header-logo

12 December 2014 / Devika Khanna
Issue: 7634 / Categories: Arbitration , Features , Arbitration
printer mail-detail

Trading places

Is the EU-Canada free trade agreement setting a new standard in investor-state arbitration or eroding investor rights, asks Devika Khanna

The free trade agreement between the EU and Canada signed in Ottawa on 26 September 2014—the so-called “comprehensive economic trade agreement” (CETA)—represents a turning point in the history of Europe’s approach to investment policy, and arguably sets the standard for other investment agreements currently being (re)negotiated. The European Commission also holds it out as the “most progressive system to date” for investor-to-state dispute settlement (ISDS).

The provisions of CETA, the first agreement signed by the EU within its exclusive competence over member states’ investment policy following the Lisbon Treaty, may shed light on the likely tone of future agreements, including the anticipated trade and investment partnership (TTIP) and trans-Pacific partnership agreement (TPP) that are set to reshape global trade and investment. Similar changes are also found in the Investment Protection Chapter of the EU-Singapore Free Trade Agreement (EUSFTA) initialled in September 2013 and which is set to replace 12 bilateral investment agreements (BITs) in place

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

NLJ Career Profile: Nikki Bowker, Devonshires

NLJ Career Profile: Nikki Bowker, Devonshires

Nikki Bowker, head of litigation and dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on

Ellisons—Sarah Osborne

Ellisons—Sarah Osborne

Leasehold enfranchisement specialist joins residential property team

DWF—Chris Air

DWF—Chris Air

Firm strengthens commercial team in Manchester with partner appointment

NEWS
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
back-to-top-scroll