Akin Attorneys Author Corporate Disputes Article on Proposed Reform of Investor-State Dispute Settlement
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Akin international arbitration partner Kabir Duggal and associate Radu Suciu have co-authored a Corporate Disputes article analyzing proposed reforms of the investor-state dispute settlement (ISDS) system in response to legitimacy concerns around the current ad hoc arbitration system.
The article considers two recent developments at the United National Commission on International Trade Law (UNCITRAL) Working Group III on ISDS reform (WGIII). Specifically, the authors examine the EU submissions on the drafting of the general statue for a standing mechanism and the recently published draft individual statues for the first instance and appeal ISDS tribunals.
The authors note that the reforms may fundamentally shift how states and investors negotiate treaties and resolve investment disputes, warranting close attention from stakeholders ahead of further WGIII sessions.
To read the article, click here (subscription required).
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