UNCITRAL Working Group III advances ISDS reform efforts at 50th session
The United Nations Commission on International Trade Law (UNCITRAL) Working Group III convened its 50th session in Vienna from 20-24 January 2025, continuing its work on investor-State dispute settlement (ISDS) reform. The session focused on refining draft provisions for procedural and cross-cutting issues, as well as a draft statute for a standing mechanism to resolve international investment disputes. Key discussions centred on the selection and appointment of tribunal members, terms of office, and the jurisdiction and functions of an Appeals Tribunal. The Working Group also outlined plans for advancing reform elements and operationalising the Advisory Centre on International Investment Dispute Resolution.