{"id":4809,"date":"2017-12-21T08:48:52","date_gmt":"2017-12-21T14:48:52","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=4809"},"modified":"2024-08-09T18:28:20","modified_gmt":"2024-08-09T16:28:20","slug":"uncitral-working-group-iii-holds-first-meeting-on-possible-reform-of-isds","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2017\/12\/21\/uncitral-working-group-iii-holds-first-meeting-on-possible-reform-of-isds\/","title":{"rendered":"UNCITRAL Working Group III holds first meeting on possible reform of ISDS"},"content":{"rendered":"<p>During the week of November 27\u2013December 1, 2017, Working Group III of the United Nations Commission on International Trade Law (<span class='tooltipsall tooltipsincontent classtoolTips3'>UNCITRAL<\/span>) held its first meeting on possible reform of investor\u2013state dispute settlement (<span class='tooltipsall tooltipsincontent classtoolTips43'>ISDS<\/span>). The 34th session of the working group was attended by over 300 participants representing governments, intergovernmental organizations and civil society.<\/p>\n<p>At the meeting, the working group\u2014which <a href=\"https:\/\/www.iisd.org\/itn\/en\/2017\/09\/26\/uncitral-receives-mandate-to-work-on-isds-reform-transparency-convention-to-enter-into-force-on-october-18-2017\/\">received a mandate<\/a> to work on this topic in July 2017\u2014agreed to consider the three stages of the mandate in sequence: to identify concerns regarding ISDS, to consider whether reform was desirable and, if deemed desirable, to develop solutions to be recommended to the UNCITRAL Commission. It also agreed \u201cto undertake a thorough analysis of all relevant issues, with the objective of identifying the core concerns that might justify reform.\u201d<\/p>\n<p>The working group already began discussions on procedural aspects of ISDS, including duration and cost of proceedings, allocation of costs, security for costs, third-party funding, transparency, early dismissal mechanisms and counterclaims by states. It also exchanged views on the overall consistency and coherence of the ISDS regime and its outcomes.<\/p>\n<p>More information is available in the <a href=\"http:\/\/www.unis.unvienna.org\/unis\/en\/pressrels\/2017\/unisl257.html\">UNCITRAL press release<\/a> and on the <a href=\"http:\/\/www.uncitral.org\/uncitral\/en\/commission\/working_groups\/3Investor_State.html\">working group website<\/a>. <a href=\"http:\/\/www.uncitral.org\/uncitral\/audio\/meetings.jsp\">Audio recordings<\/a> of the proceedings of the 34th session are also available. The 35th session of UNCITRAL Working Group III is scheduled for April 23\u201327, 2018, in New York, United States.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips3','United Nations Commission on International Trade Law'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips114','Sistema de Tribunales de Inversiones'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>During the week of November 27\u2013December 1, 2017, Working Group III of the United Nations Commission on International Trade Law (<span class='tooltipsall tooltipsincontent classtoolTips3'>UNCITRAL<\/span>) held its first meeting on possible reform of investor\u2013state dispute settlement (<span class='tooltipsall tooltipsincontent classtoolTips43'>ISDS<\/span>).<script type=\"text\/javascript\"> toolTips('.classtoolTips3','United Nations Commission on International Trade Law'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1925,1936,1908,1921],"class_list":["post-4809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-investor-state-dispute-settlement-isds","tag-third-party-funding","tag-uncitral","tag-united-nations"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/4809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=4809"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/4809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=4809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=4809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=4809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}