The proposal of a carveout emerges as a targeted damage control measure to address the recognized and urgent problem that ISDS poses to climate action.
Pakistan’s previous policy, initiated in 2021, sought to terminate its bilateral investment treaties to avoid further ISDS cases by international investors.
En septembre 2023, la Commission européenne a dévoilé un document officieux présentant des clauses types pour les traités bilatéraux d’investissement entre les États membres de l’UE et les pays tiers.
Without a mandatory and uniform standard on the human rights obligations of investors in investment law, any change in international investment arbitration may be incremental.
Our frequent inability to answer even basic questions about the full universe is a salutary reminder that we know less than is ideal about investor-state dispute settlement (ISDS).
Since India’s quest has been to establish a rule-based global order, its support for an appellate review will ensure more state and investor confidence in international investment law.