ICS proposal

TACD has adopted a new resolution, responding to the EU’s proposal for an “Investment Court System”, designed to replace the largely discredited Investor State Dispute Settlement (ISDS) system within the text of the TTIP. While the proposed changes address some of our (and others) specific criticisms of the current system’s mode of operation, it does not address our fundamental concerns with ISDS. The Commission proposal would still massively expand an extrajudicial tribunal system – open to only foreign investors, not domestic citizens – that formally prioritizes corporate rights over the right of governments to regulate on behalf of citizens.

Read our full response to the EU’s Investment Court System proposal.