The Vienna International Arbitral Centre (VIAC) has expanded its portfolio to include the administration of investment disputes. With effect from 1 July 2021, the Vienna Rules of Investment Arbitration (VRI), a newly introduced, standalone legal framework, entered into force. They present VIAC's answer to the demands of investment arbitration and the concerns raised in the ongoing reform of the investor-State dispute settlement system under the ICSID Rules Amendment procedure and the UNCITRAL Working Group III.
The Revised VIAC Arbitration Rules – What Are The Vienna Investment Arbitration Rules 2021? - Part I (Austria)
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