Political Quotes

“I ask unanimous consent to have printed in the Record a letter from Judge Stephen Schwebel, who is both a dispute arbitrator and president of the International Court of Justice. This letter provides a useful perspective on the investment matters that have been discussed this week. There being no objection, the material was ordered to be printed in the Record, as follows: May 5, 2015. Senator Ron Wyden, Senate Finance Committee, Dirksen Senate Office Building, Washington, DC. Dear Senator Wyden: I have been asked to comment on statements that have recently been circulated that oppose inclusion in the projected Trans-Pacific Partnership (TPP) of provision for investor-State dispute settlement (ISDS). Please permit me to note that I addressed criticism of ISDS a year ago at some length in a speech to the Congress of the International Council for Commercial Arbitration. A copy of that speech is attached. I believe that it is of current pertinence. For my part, as a former Judge and President of the International Court of Justice, with experience going back to 1954 in international arbitration between States, between corporations and States, and in international commercial arbitration, I remain convinced that investor-State dispute settlement is a progressive development in international law and relations that should be preserved and nurtured.…”