Since 2015 the European Commission has been working to establish a Multilateral Investment Court.
The overall objective for creating a Multilateral Investment Court is to set up a permanent body to decide investment disputes. It would build on the EU’s groundbreaking approach on its bilateral FTAs and be a major departure from the system of investor-to-State dispute settlement (ISDS) based on ad hoc commercial arbitration.
A Multilateral Investment Court, like the approach in the FTAs, would bring the key features of domestic and international courts to investment adjudication.
Read about the status and ongoing negotiations here.