Tag Archives: United Nations Commission on International Trade Law (UNCITRAL)

Update on the future of ISDS: UNCITRAL Working Group III decides three areas for reform, indicating change is likely in 2019

The United Nations Commission on International Trade Law (“UNCITRAL“) has been considering the possible reform of investor-state dispute settlement (“ISDS“). UNCITRAL Working Group III (“WGIII“) has been given a broad mandate to identify concerns regarding ISDS procedure, consider whether reform … Continue reading

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Filed under International organisations, Investment Arbitration, ISDS, ISDS Reform

UNCITRAL Transparency Rules applied for the first time in investor-State arbitration

Iberdrola, S.A. and Iberdrola Energia. S.A.U. v. Bolivia (PCA Case No. 2015-05) is the first case to apply the UNCITRAL Rules on Transparency in Treaty-based Investor-State Arbitration ("Rules on Transparency").  On 7 August 2015, the arbitral tribunal issued the first … Continue reading

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Filed under Investment Arbitration, UN Convention on Transparency

A further step towards transparency: UNCITRAL approves Draft Convention on Transparency in Treaty-Based Investor-State Arbitration

On 9th July 2014, at its 47th session, the United Nations Commission on International Trade Law (UNCITRAL) approved a Draft Convention on Transparency in Treaty-Based Investor-State Arbitration (the Convention). The main aim of the Convention is to extend the application … Continue reading

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Filed under Investment Arbitration