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)...
CCSI provides analysis and policy considerations to support governments and their stakeholders in determining whether—and how—they can terminate their investment treaties or withdraw consent to the arbitration clauses within them.
This is a crucial moment in international investment policymaking. Two factors have converged, calling for a new direction.
First, it has become increasingly difficult to justify investor-state dispute settlement (ISDS); even governments that had been among its strongest proponents are now changing course and have raised a range of fundamental, systemic and inter-related issues relating to ISDS.
Second, policymakers and other stakeholders have a greater awareness of the need to design appropriate policies to maximize the contributions cross-border investment can make to sustainable development.
Influenced by these factors, various reform efforts related to investment policy are underway at the national, regional, and international levels. These discussions about reform are likely to be slow, and outcomes uncertain. In the meantime, governments and their stakeholders remain tied to an outdated system that is widely acknowledged to be ill-suited for modern investment policy objectives, with increasingly concerning consequences.
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International Investment Law / Report
A guidebook for government officials and policymakers on the reform or exit of the investment treaty regime
International Investment Law / Books & Chapters