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Possible Reform of Investor-State Dispute Settlement (ISDS): The assessment of damages and compensation
This joint submission by the Columbia Center on Sustainable Investment (CCSI), the International Institute for Environment and Development (IIED), and the International Institute for Sustainable Development (IISD) provides comments to the UNCITRAL Working Group III on the reform of damages and compensation in Investor-State Dispute Settlement (ISDS). The authors argue that current practices are inconsistent and create 'regulatory chill', particularly regarding climate action, and advocate for a legally binding multilateral treaty to standardize compensation and restrict speculative valuation methods.
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Document type: Statement