On May 13, the Deputy Director of AMCA Lilit Petrosyan participated in the Roundtable on UNCITRAL Working Group III: Investor-State Dispute Settlement Reform.

Working Group III specifically deals with investor-state dispute settlement (ISDS) reform. Its mandate is to work on possible reform of ISDS, in light of the widespread criticisms and concerns regarding the current ISDS regime.

BIICL convened roundtable to discuss current and possible future implications of the work of the UNCITRAL Working Group III. This included discussion of, amongst other topics:

• Standing mechanism for the resolution of international investment disputes,

• Selection and appointment of ISDS tribunal members,

• Procedural rules reform and cross-cutting issues,

• Multilateral instrument to implement reforms.