UN Group To Consider Investor Dispute Resolution Reform

Law360, New York (July 11, 2017, 7:54 PM EDT) -- The United Nations announced that on Monday it began looking into frameworks for resolving investor-state disputes, as well as the possible formation of a new multilateral investment court, following calls from the European Union and individual countries to tackle issues with the current resolution system.

The U.N. Commission on International Trade Law said it "has now agreed" with requests from several countries, including the EU and its member states, to probe potential multilateral reform of investment dispute settlement. UNCITRAL said its members have decided that a working group will start discussing these issues.

"In terms of next steps, a first meeting...

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