Investment Disputes under CETA: from Gold Standards to Best Practices?

This article examines the dispute settlement mechanism established under the Com- prehensive Economic and Trade Agreement (CETA) between the European Union and Canada. The mechanism in question is compared to other existing arbitral tribu- nals, such as those established under national BITs of EU Member States, and those adopted by the United States and Canada in their respective model BIT. NAFTA is also used as a term of comparison. The paper argues that in light of the innovations introduced by CETA, the latter creates a very advanced and carefully drafted system.