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United Nations General Assembly Adopts Convention on Transparency in Treaty-Based Investor-State Arbitration
23 December 2014
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On December 10, 2014, the United Nations General Assembly adopted the United Nations Convention on Transparency in Treaty-Based Investor-State Arbitration (the “Convention”).
The primary purpose of the Convention is to extend the current application of the UNCITRAL Rules on Transparency in Investor-State Arbitration (the “Transparency Rules”) to cover all Investor-State Arbitrations brought under investment treaties concluded before April 1, 2014, irrespective of the applicable arbitration rules. However, a State party to the Convention may make a reservation excluding the application of the Transparency Rules in relation to Investor-State Arbitrations (i) initiated under specific investment treaties; or (ii) conducted under arbitration rules other than the UNICTRAL Arbitration Rules and in which it is a respondent.
The Convention will be opened for signature on March 17, 2015, and will enter into force six months after the date of deposit of the third ratification instrument.
On December 10, 2014, the United Nations General Assembly also designated a Transparency Registry, in which UNCITRAL will make available to the public the information on investor-State arbitrations specified by the Transparency Rules (found at
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