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Submissions to UNCITRAL Working Group II on Arbitration and Conciliation: Proposal for Specific Text

Most investment treaties grant investors the procedural right to bring claims against governments through investor-state arbitration. Under the arbitration rules that commonly govern the proceedings, including the arbitration rules developed by a United Nations body, the United Nations Commission on International Trade Law (UNCITRAL), these disputes can remain hidden from public view from their commencement through conclusion. Recognizing the public interest in investor-state arbitration, UNCITRAL has been working since 2010 to develop a legal standard that would ensure transparency in investor-state arbitration.

Committed to the belief that transparency in investor-state arbitration is fundamental for accountability, good governance, and the rule of law, elements which are, in turn, crucial for sustainable development, CCSI has been participating in the UNCITRAL process and has drafted various notes and proposals in support of the effort to increase public access to information regarding these disputes. In October 2012, CCSI and partners submitted two documents to country delegations to UNCITRAL: a background note describing and analyzing the key issues involved in UNCITRAL’s work to increase transparency in investor-state arbitrations, and a proposal for specific text that UNCITRAL could adopt. Based on developments in October 2012, in February 2013, CCSI submitted additional comments on UNCITRAL’s efforts to ensure transparency of investor-state arbitration.

In July 2013, the United Nations Commission on International Trade Law (UNCITRAL) adopted its Rules on Transparency in Treaty-based Investor-State Arbitration. The Rules on Transparency offer a carefully negotiated and widely approved template for how to conduct investor-state arbitrations in a way that is consistent with the global recognition of the importance of transparency as a tool for promoting effective democratic participation, good governance, accountability, predictability and the rule of law. This fall, UNCITRAL will prepare a convention to facilitate wide application of the new rules to UNCITRAL and non-UNCITRAL arbitrations under existing and future treaties. CCSI, together with the Center for International Environmental Law and International Institute for Sustainable Development, has prepared a paper describing the new Rules on Transparency and UNCITRAL’s next steps.

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Academic Units
Columbia Center on Sustainable Investment
Publisher
Columbia Center on Sustainable Investment
Published Here
January 19, 2017
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