The UNCITRAL Transparency Rules: Some Thoughts on Timing and Costs Implications in Investment Treaty Arbitration
Article from: TDM 4 (2018), in Time and Cost Issues in International Arbitration
The investment arbitration community has responded to calls for greater transparency of investment treaty arbitration proceedings by supporting the enactment of new arbitration rules and a new international convention. While these changes may have been expedient, the resulting set of rules has increased the degree of complexity for users of arbitration proceedings. Moreover, in practice the new rules will inevitably make arbitration proceedings more cumbersome and costly for the parties. This article will analyse the new transparency regime and the resulting complexities (II.). ...