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Foreign Investment: Dispute Resolution

Question for Department for International Trade

UIN 68870, tabled on 23 March 2017

To ask the Secretary of State for International Trade, what assessment his Department has made of the potential use of the EU's proposed multilateral investment court.

Answered on

3 April 2017

The European Commission has proposed a multilateral investment court (MIC) to replace traditional investment dispute settlement mechanisms in individual trade and investment agreements. This initiative is at an early stage and there are as yet no detailed proposals regarding how a MIC would function or be resourced.

The Government is engaging with EU institutions and member states through the Council as the proposal is developed. The European Commission has recently completed a public consultation on the MIC. The Government encouraged key stakeholders from across the civil society, business, arbitration and legal communities to engage in this exercise.