UNCITRAL Working Group III holds New York session

Delegates began new round of deliberations for multilateral reform of ISDS at UNCITRAL from April 1 to 5. The meeting of Working Group III, which is tasked with this process, was held in New York.

Delegates considered subjects such as third-party funding and the development of a “work plan” to guide their upcoming deliberations. The European Union has also submitted its proposal for an MIC.

Chile, Costa Rica, the Dominican Republic, the European Union, Indonesia, Israel, Japan and Thailand have all made written submissions ahead of the meeting.