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Article

3 Mar 2015

Author:
London School of Economics, Laboratory for Advanced Research on the Global Economy, Investment & Human Rights Project

Commentary: How to reform intl. investment agreements to ensure respect for human rights

...There is increasing momentum worldwide to reform International Investment Agreements (IIAs) and Investor State Dispute Settlement (ISDS) driven by criticisms and concerns from governments, civil society organisations, academics, and more recently, the arbitration community itself. This past year unprecedented public protests regarding the negotiation of an international investment agreement swept across Europe, echoing concerns voiced in Latin America, Africa and Asia... John Ruggie the former Special Representative of the UN Secretary-General for Business and Human Rights, pointed extensively to international investment as one key area where States and businesses need to better ensure the protection of and respect for human rights...What does this mean for reforming IIAs and ISDS specifically? The starting place must be an examination of the values embodied in the purpose and substance of these instruments...