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  5. Implementation of the reforms: multilateral instrument on ISDS reform

Implementation of the reforms: multilateral instrument on ISDS reform

Notes by the secretariat

Reports

Informal meetings

Reform options

  1. Presentation of reform options
  2. Tribunals, ad hoc and standing multilateral mechanism
    1. Multilateral advisory centre
    2. Stand-alone review or appellate mechanism
    3. Standing first instance and appeal investment court, with full-time judges
  3. Arbitrators and adjudicators appointment methods and ethics
    1. ISDS tribunal members' selection appointment and challenge
    2. Code of conduct
  4. Treaty Parties' involvement and control mechanisms on treaty interpretation
  5. Dispute prevention and mitigation
    1. Strengthening of dispute settlement mechanisms other than arbitration (ombudsman, mediation)
    2. Exhaustion of local remedies
    3. Procedure to address frivolous claims, including summary dismissal
    4. Multiple proceedings, reflective loss and counterclaims by respondent States
  6. Cost management and related procedures
    1. Expedited procedures
    2. Principles/guidelines on allocation of cost and security for cost
  7. Third-party funding
  8. Implementation of the reforms: multilateral instrument on ISDS reform