NIKOLAJ NIELSEN, EU defends TTIP investor court after German backlash

NIKOLAJ NIELSEN, EU defends TTIP investor court after German backlash, EUObserver, 16.02.2016

The EU Commission has defended a proposed court that would allow big firms to sue EU governments for perceived profit losses.

German magistrates criticised the idea earlier this month, declaring the so-called investor court system (ICS) unlawful.

The commission said the German magistrates had misunderstood ICS.

„It [the ICS] does not rule on member state law or EU law, and hence the ICS in no way alters the established court system within the EU and the member states,” a commission spokesperson told this website.