Foreign Investment: Dispute Resolution

(asked on 22nd January 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps her Department is taking to assess levels of risk in relation to the inclusion of Investor State Dispute Settlement clauses in trade deals.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 30th January 2024

Inclusion of Investor-State Dispute Settlement (ISDS) in UK treaties is considered where it is in the UK's interests and where we agree with partners that it can play a useful role in supporting the bilateral investment relationship.

Where the UK negotiates ISDS, it is in line with modern international best practice. This ensures that the mechanism delivers fair outcomes of disputes, has independent arbitrators bound by high ethical standards, and that proceedings are transparent.

The UK has investment agreements containing ISDS provisions with around 90 trading partners. There has never been a successful ISDS claim against the UK.

Reticulating Splines