International arbitration News, analytics and practice

14Feb/110

UNCITRAL improves investment arbitration. Ukraine is invited to assist

On February 7-13, 2011 UNCITRAL holds the 54th session of its Working group on arbitration. During the session important issues of settlement of disputes between investors and states have to be discussed. The Secretariat of the UNCITRAL invited Ukrainian delegation to take part in the session. The delegation is composed of representatives of the Ministries of justice, economy and foreign affairs. UNCITRAL UNCITRAL improves investment arbitration. Ukraine is invited to assist

Currently there is no information about the results of the session. We will inform our readers about further development. According  to recent information the Ministry of Justice is intended to elaborate recommendations and legislative initiatives aimed at the development of the national legislation if that area. Our comment would be that it is good time to do so, especially after Ukraine lost the case considered under ICSID arbitration rules last year.

by International Arbitration Team

logo Final point in RosUkrEnergo v. Naftogaz Ukrainy case

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