Time and Compromise in UNCITRAL’s Working Group III
During the week of 22 September 2025, States once again met in Vienna under Working Group III (WGIII)...
Regulatory chill, a key tension between international investment agreements (IIAs) and democratic governance, could be dealt with by creating liability insurance for governments. Existing government insurance programs provide helpful guidelines for an investment arbitration liability insurance that could protect governments’ policy space while maintaining the protection IIAs provide to investors.
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