New code of conduct sets standards for arbitrators in investment arbitration

 In July 2023, the UN Commission on International Trade Law (“UNCITRAL”) adopted a Code of Conduct for Arbitrators in International Investment Dispute Resolution (the “Code”). This monumental step evolved from nearly six years of deliberations initiated in 2017, when UNCITRAL tasked its Working Group III (“WGIII”) with examining and formulating potential solutions for reforming Investor-State Dispute Settlement (“ISDS”).

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