Sentences with phrase «treaty arbitration system»

As of late, the viability of the treaty arbitration system has been called into question.

The authors see advantages in heightening transparency in the current investment treaty arbitration system, specifically through the UNCITRAL transparency standards.

Not exact matches

UNCITRAL considers the New York Convention to be one of the most important United Nations treaties in the area of international trade law and the cornerstone of the international arbitration system.4 Since its inception, the Convention's regime for recognition and enforcement has become deeply rooted in the legal systems of its Contracting States and has contributed to the status of international arbitration as today's normal means of resolving commercial disputes.

European Union agreements such as CETA and the EU - Vietnam Free Trade Agreement appear to serve as viable examples of replacing traditional ISDS provisions with a bilateral investment court system, [21] providing a more impartial and independent process than investment treaty arbitration.

Much ink has been spilt on discussing whether or not the investment treaty arbitration regime has played a role in encouraging the growth of developing economies by creating a more secure system for foreign direct investment (FDI).

In this brief article we highlight the key ongoing developments in the shake - up of the system of investment treaty arbitration and pose the question as to what the future holds.