New TPP Shows Investor-State Arbitration Support Persists
Law360 (February 27, 2018, 7:26 PM EST) -- A revised version of the Trans-Pacific Partnership released last week that maintains a provision for investor-state arbitration is a win for investors because it shows that the 11 remaining nations in the trade pact continue to see the value in this dispute resolution mechanism, experts say.
The New Zealand government on Feb. 21 released the text of the new deal, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — or the TPP-11, since the U.S. announced its withdrawal from the pact just over a year ago.
Among the agreement's changes is a narrowed scope of investor-state dispute settlement,...
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