Press Release: EU welcomes new UN Convention on transparency for investor-state dispute settlement

The European Union welcomed the agreement reached on 9 July 2014 on a new United Nations convention to strengthen transparency in investor-state disputes.

The Convention on Transparency in Treaty-based Investor-State Arbitration will make it easier to apply the UN's transparency rules to investor-state dispute settlement (ISDS) carried out under existing investment treaties.

• Primary Source

UN: UNIS: Press Release, 10.07.14: UN Commission on International Trade Law approves draft UNCITRAL Convention on transparency in treaty-based investor-State arbitration http://www.unis.unvienna.org/unis/en/pressrels/2014/unisl202.html

UNCITRAL: Homepage http://www.uncitral.org/uncitral/en/index.html

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