This chapter examines the shortcomings of the ICS under CETA and the proposed MIC in safeguarding states’ regulatory autonomy and granting legal standing to third parties affected by foreign investment. The authors propose addressing these issues by introducing investor obligations through ESG clauses and allowing third parties to bring claims for breaches. They also consider potential challenges, including the impact on arbitration efficiency and limitations within public international law.

The aim of this article and the ensuing Special Issue is to assess, après fifteen years, the effects on the EU legal and political system of the overhaul of executive delegated powers inaugurated by the Lisbon Treaty. It also puts forward seven overarching reflections revealing some of the core issues and challenges posed by the current stage of development of the post-Lisbon EU system of delegated powers.

The book provides readily accessible, important, and novel information to students and scholars of political science, international relations, EU and European studies, peace and conflict studies, comparative regionalism, interregional and inter-organizational studies, and area studies, and persons interested in specific policy fields such as trade, security, or development policy.