On November 12, 2015, the European Union (EU) published its proposal [3] for investment protection and a court system under the Transatlantic Trade and  Investment Partnership Agreement (TTIP), which would replace the existing investor-state dispute settlement (ISDS) mechanism in TTIP and all future agreements. According to the press release [4], the proposal incorporates all “key elements” of the Commission’s draft [5], and “aims at safeguarding the right to regulate and create a court-like system with an appeal mechanism based on clearly defined rules, with qualified judges and transparent proceedings” as well as improving access to the system for small and medium-sized companies. EU Trade Commissioner Celia Malmström stated, “This approach will allow the EU to take a global role on the path of reform, to create an international court based on public trust.”