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)...
While welcoming the earlier Perspective (No. 85, December 17, 2012) on the ongoing US-China BIT negotiations, an alternative, business-oriented approach should be taken. It is more important to secure a high-standard agreement, with strong investor protections and dispute settlement provisions, than to seek a quick agreement by splitting the difference on key issues. The 2012 US Model BIT provides a good template for a final agreement.
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