Investment: Treaties

(asked on 3rd July 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, which arbitration centres for investor-state dispute settlement the UK is subject to.


Answered by
Anna Soubry Portrait
Anna Soubry
This question was answered on 13th July 2015

The UK is not subject to any centres for investor-state dispute settlement. However, we have included reference to a number of institutions related to international dispute resolution in our bilateral investment treaties: the Swedish Chamber of Commerce (SCC), the International Centre for the Settlement of Investment Disputes (ICSID), a part of the World Bank, and the United Nations Commission on International Trade Law (UNCITRAL). The SCC and ICSID can provide a venue and procedural rules for arbitral proceedings and UNCITRAL just provides procedural rules.

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