UNCITRAL and Investment Arbitration Reform: Matching Concerns and Solutions

Journal of World Investment &Trade, Vol. 21, Nos. 2-3, pp. 167-187 (2020)

PluriCourts Research Paper

21 Pages Posted: 7 Jun 2021

See all articles by Malcolm Langford

Malcolm Langford

University of Oslo, Faculty of Law, Department of Public and International Law

Michele Potesta

Graduate Institute of International and Development Studies (IHEID); Graduate Institute of International and Development Studies (IHEID) - Geneva Center for International Dispute Settlement (CIDS)

Gabrielle Kaufmann-Kohler

University of Geneva, Faculty of Law; Graduate Institute of International and Development Studies (IHEID) - Geneva Center for International Dispute Settlement (CIDS)

Daniel Behn

Queen Mary University of London; PluriCourts University of Oslo

Date Written: July 14, 2020

Abstract

The ongoing ‘legitimacy crisis’ in investor-State dispute settlement (ISDS) has triggered a comprehensive attempt at multilateral reform. In 2017, Working Group III at the United Nations Commission on International Trade Law (UNCITRAL) was entrusted with a broad, open-ended and problem-driven mandate. The reform process aims to tackle particular concerns with ISDS: excessive costs and lengthy proceedings, inconsistent and incorrect decisions, and a lack of arbitral diversity and independence. The exclusion of substantive treaty reform has met critique but states are considering a wide range of procedural options from incremental reform to a multilateral court, appellate mechanism, and ISDS alternatives. In this article, we introduce the reform process and the seven articles that follow in this Special Issue of the Journal on World and Investment and Trade. In these contributions, ISDS Academic Forum members analyse the basis for each concern and the potential contribution of leading reform models.

Suggested Citation

Langford, Malcolm and Potesta, Michele and Kaufmann-Kohler, Gabrielle and Behn, Daniel, UNCITRAL and Investment Arbitration Reform: Matching Concerns and Solutions (July 14, 2020). Journal of World Investment &Trade, Vol. 21, Nos. 2-3, pp. 167-187 (2020), PluriCourts Research Paper, Available at SSRN: https://ssrn.com/abstract=3650890

Malcolm Langford (Contact Author)

University of Oslo, Faculty of Law, Department of Public and International Law ( email )

P.O. Box 6706 St. Olavs plass
N-0130 Oslo
Norway

Michele Potesta

Graduate Institute of International and Development Studies (IHEID) ( email )

PO Box 136
Geneva, CH-1211
Switzerland

Graduate Institute of International and Development Studies (IHEID) - Geneva Center for International Dispute Settlement (CIDS) ( email )

Villa Moynier
Rue de Lausanne 120b
Geneva, 12011
Switzerland

Gabrielle Kaufmann-Kohler

University of Geneva, Faculty of Law ( email )

Boulevard du Pont d'Arve
Geneva, 1204
Switzerland

Graduate Institute of International and Development Studies (IHEID) - Geneva Center for International Dispute Settlement (CIDS)

Villa Moynier
Rue de Lausanne 120b
Geneva, 12011
Switzerland

Daniel Behn

Queen Mary University of London ( email )

67-69 Lincoln’s Inn Fields
London, WC2A 3JB
United Kingdom
+44 03791 085569 (Phone)

HOME PAGE: http://bit.ly/qmul-behn

PluriCourts University of Oslo ( email )

PO Box 6706
St Olavs Plass 5
Oslo, 0130
Norway
+44 03791 085569 (Phone)

HOME PAGE: http://bit.ly/pluricourts-behn

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