International investment agreements

Transparency and Third Party Participation in Investor-State Dispute Settlement Procedures: Statement by the Investment Committee

 

In June 2005, the OECD Investment Committee released a statement supporting additional transparency in international investment arbitration: 

There is a general understanding among the Members of the Investment Committee that additional transparency, in particular in relation to the publication of arbitral awards, subject to necessary safeguards for the protection of confidential business and governmental information, is desirable to enhance effectiveness and public acceptance of international investment arbitration, as well as contributing to the further development of a public body of jurisprudence. Members of the Investment Committee generally share the view that, especially insofar as proceedings raise important issues of public interest, it may also be desirable to allow third party participation, subject however to clear and specific guidelines.

The Working Paper Transparency and Third Party Participation in Investor-State Dispute Settlement Procedures provides a comprehensive and up-to-date survey of current rules and steps to improve transparency by governments, arbitral tribunals and relevant international organisations.

 

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