Reform of ISDS – The ICSID Rules Amendments and UNCITRAL Working Group III

Our Panel on reforms of the Investor-State Dispute Settlement (ISDS) system will discuss the potential amendments and reforms that have been proposed at ICSID and UNCITRAL’s Working Group III, their objectives, and the impact that they could have on the ISDS system. In particular, the panelists will be sharing their views on the following matters: 

• • • How the discussions about the amendments are evolving and what may be the likely outcome in a reformed system concerning (i) the options of a standing multilateral investment court, (ii) a standing appellate mechanism, (iii) an opt-in or opt-out multilateral convention, and (iv) an advisory center.
    • Whether the reform proposals stop short of a complete renovation of the ICSID system and whether they effectively solve the criticisms leveled against the ISDS system.

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