Inter-Parliamentary Union [ IPU | Inter-Parliamentary Union for International Arbitration ]

Inter-Parliamentary Conference for International Arbitration

Recalls its serious concerns over the tension in the South China Sea; considers it regrettable that, contrary to the 2002 Declaration of Conduct, several parties are claiming land in the disputed waters; is particularly concerned at the massive scale of China’s current activities in the area, including building military facilities, ports, and at least one airstrip; urges all parties in the disputed area to refrain from unilateral and provocative actions and to resolve the disputes peacefully based on international law, in particular ...[+++]the UNCLOS, with impartial international mediation and arbitration; urges all parties to acknowledge the jurisdiction of both UNCLOS and the Court of Arbitration, and calls for respect for any eventual decision by UNCLOS; supports all steps that will enable the South China Sea to become a ‘sea of peace and cooperation’; also supports all endeavours to ensure that the parties agree on a code of conduct for the peaceful exploitation of the maritime areas in question, including the establishment of safe trade routes, and encourages confidence-building measures; believes that the EU should engage in bilateral and multilateral cooperation in order to effectively contribute to security in the region.

A Member State’s reimbursement or payment to the budget of the Union, for the payment of an award or a settlement or costs arising from the arbitration, including those referred to in Article 20(1) of this Regulation, shall be considered as internal assigned revenue in the sense of Article 21(4) of Regulation (EU, Euratom) No 966/2012.

A Member State’s reimbursement or payment to the budget of the Union, for the payment of an award or a settlement or costs arising from the arbitration, including those referred to in Article 20(1) of this Regulation, shall be considered as internal assigned revenue in the sense of Article 21(4) of Regulation (EU, Euratom) No 966/2012.

18. Stresses the added value of a coherent and integrated EU investment policy; believes that developing countries would benefit greatly from having the EU as main interlocutor on investment arrangements, rather than relying on multiple agreements with individual Member States, provided that the EU investment policy strikes the right balance between the objective of investor protection and host states’ development goals; considers it vital, therefore, to establish an appropriate deadline for the replacement of Member States’ bilateral treaties by EU-level agreements; takes the view that the EU investment policy should include strong provisions on transparency, especially in relation to arbitration ...[+++] rules, and should oblige investors to exhaust domestic remedies first before turning to international arbitration.