Upper Chamber of German Parliament Against Investment Arbitration in US/EU TTIP

von Peter Bert

In today‘s session, the Upper Chamber (Bundesrat) of the German parliament discussed the state of the current negotiations of a Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States. In that context, several federal states tabled a resolution, which spoke out against the use of investment arbitration in the treaty. The resolution was adopted. In its relevant part, it reads as follows:

“8. The Bundesrat is of the opinion, that investors as a matter of principle have to be directed to seek legal recourse in the national state courts. On this point, the Bundesrat views itself as being in line with the opinion of the Federal Government. The Bundesrat aks that the European Commission sets out its reasons why it believes that investors state arbitration should be part of a free trade agreement between the European Union and the United States, against the background of the existing access to justice. The Bundesrat is of the opinion that special investment protection provisions and corresponding dispute resolution mechanisms between investors and states are not required, and would create substantial risks.”

„Der Bundesrat vertritt die Auffassung, dass Investoren daher grundsätzlich auf den Rechtsweg vor nationalen staatlichen Gerichten zu verweisen sind ...

Zum vollständigen Artikel

Cookies helfen bei der Bereitstellung unserer Dienste. Durch die Nutzung erklären Sie sich mit der Cookie-Setzung einverstanden. Mehr OK