A new report...warns that the European Commission’s proposed Multilateral Investment Court (MIC) threatens to lock in an undemocratic investor-state dispute settlement (ISDS) scheme that undermines national democratic authority and prioritizes corporate profits above all else. Authored by the Center for International Environmental Law (CIEL), Seattle to Brussels Network (S2B), and the Rosa Luxembourg Foundation, A World Court for Corporations: How the EU Plans to Entrench and Institutionalize Investor-State Dispute Settlement reveals that the EU’s proposal for a global investor court is a dangerous effort to salvage the controversial investor-state dispute settlement system by replacing it with a rebranded copy...

...The report comes just as countries wrapped up...discussions about ISDS reform at the UN Commission for International Trade Law (UNCITRAL), where the EU hopes the MIC can be negotiated...While countries were frank about the significant threats posed by ISDS to their domestic laws and courts, few demonstrated the political appetite to confront the concerns with the system...

...The report analyzes how the MIC would address suits currently in the ISDS system, details eight specific dangers posed by a world court for corporations, and provides ten reasons (of many) why EU Member States should oppose the MIC. States will meet again in April [2018] with the goal of coming to an agreement about how ISDS should be reformed...