Oireachtas Joint and Select Committees

Tuesday, 30 March 2021

Joint Oireachtas Committee on European Union Affairs

Engagement on the Comprehensive and Economic Trade Agreement: Mr. David O'Sullivan

Photo of Sharon KeoganSharon Keogan (Independent) | Oireachtas source

Investor protections are a component of more than 3,000 international trade agreements, the vast majority of which have some form of neutral arbitration. The United States is party to at least 50 such trade agreements but has only faced 13 ISDS cases and never lost a case. Many of the criticisms levelled at these settlements are in the areas of maintaining states' regulatory capacity and ensuring transparency of the arbitration process. What improvements, if any, does the investor court system make in that regard?

What safeguards have been put in place for membership of the investment tribunals with regard to who sits on them?

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