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)...
In newer-style investment treaties, states are increasingly protecting and enhancing their role in interpreting and applying their treaties. This evidences an important shift underway in the investment treaty system: the recalibration of interpretive authority between treaty parties and arbitral tribunals.
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