Reforming the Investment Treaty System

Project leader(s)
This project brings together two sets of work about reforming the investment treaty system. As a web made up of more than 3000 treaties and multiple institutions, the investment treaty system provides an ideal case study for examining the way actors design and manage complex, contested and evolving systems.
The first is a series of blogs and articles written with Dr Taylor St John at the University of St Andrews, Scotland about the United Nations Commission on International Trade Law (UNCITRAL) investor state dispute settlement reform (ISDS) reform process.
The second is a series of capacity building workshops for states in the Asia-Pacific with UNCITRAL, Associate Professor Wolfgang Alschner at University of Ottawa, Canada, Dr Taylor St John at the University of St Andrews, Scotland, and Mr Richard Braddock at Lexbridge Lawyers.
Reforming the Investment Treaty System at UNCITRAL
In 2017, UNCITRAL gave one of its working groups a mandate to investigate the possible reform of investor–state dispute settlement. At the time, many states were voicing increasing concern about investor–state arbitration, but they had not converged on which reforms of the system to pursue. Three main camps initially emerged about whether and how to reform investor–state arbitration: the incrementalists, the systemic reformers, and the paradigm shifters. Over time, this has led to a new UNCITRAL work plan being approved in 2021 in which the negotiators agreed to adopt a flexible and adaptable approach to developing a variety of proposed reforms that states can adopt on an opt-in basis.
Anthea and political scientist Dr Taylor St John have followed the UNCITRAL process from its inception. Adopting a para-ethnographic approach, they publish a blog series on EJIL: Talk! in which they provide analysis and commentary on the UNCITRAL process in almost real time. They are also writing a series of articles about what the UNCITRAL process can teach us about how states and other actors go about designing reforms and managing change in complex systems, the role of insiders and outsiders in spurring different types of innovative reforms, and the shifting nature of the actors at UNCITRAL that are recasting it as a forum for international law-making.
Forthcoming Article
- ‘Complex Designers and Emergent Design: Reforming the Investment Treaty System’ (forthcoming, with Taylor St John)
Blog series
‘A Turning of the Tide against ISDS?’ EJIL: Talk!, 19 May 2017
‘Would a Multilateral Investment Court be Biased? Shifting to a treaty party framework of analysis’, EJIL: Talk!, 28 April 2017
‘The Shifting Landscape of Investor State Arbitration: Loyalists, Reformists, Revolutionaries and Undecideds’, EJIL: Talk!, 15 June 2017
‘A Possible Approach to Transitional Double Hatting in Investor–State Arbitration’, EJIL: Talk!, 31 July 2017
‘UNCITRAL and ISDS Reform: Not Business as Usual’, EJIL: Talk!, 11 December 2017
‘UNCITRAL and ISDS Reform: Pluralism and the Plurilateral Investment Court’, EJIL: Talk!, 12 December 2017
‘UNCITRAL and ISDS Reforms: What are States’ Concerns?’, EJIL: Talk!, 5 June 2018 (with Zeineb Bouraoui)
‘UNCITRAL and ISDS Reforms: Concerns About Consistency, Predictability and Correctness’, EJIL: Talk!, 5 June 2018 (with Zeineb Bouraoui)
‘UNCITRAL and ISDS Reforms: Concerns about Arbitral Appointments, Incentives and Legitimacy’, EJIL: Talk!, 6 June 2018 (with Zeineb Bouraoui)
‘UNCITRAL and ISDS Reforms: Concerns about Costs, Transparency, Third Party Funding and Counterclaims’, EJIL: Talk!, 6 June 2018 (with Zeineb Bouraoui)
‘UNCITRAL and ISDS Reforms: Moving to Reform Options…the Process’, EJIL: Talk!, 7 November 2018
‘UNCITRAL and ISDS Reforms: Hastening slowly’, EJIL: Talk!, 29 April 2019 (with Malcolm Langford)
‘UNCITRAL and ISDS Reforms: Battles over Naming and Framing’, EJIL: Talk!, 30 April 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reforms: The Divided West and the Battle by and for the Rest’, EJIL: Talk!, 30 April 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reform – China’s Proposal’, EJIL: Talk!, 5 August 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reforms: Agenda-Widening and Paradigm-Shifting’, EJIL: Talk!, 20 September 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reform: In Sickness and In Health’, EJIL: Talk!, 23 October 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reform: Visualising a Flexible Framework’, EJIL: Talk!, 24 October 2019 (with Taylor St John)
‘UNCITRAL and ISDS Reforms: What Makes Something Fly?’, EJIL: Talk!, 11 February 2020 (with Taylor St John)
‘UNCITRAL and ISDS Reform: Plausible Folk Theories’, EJIL: Talk!, 13 February 2020 (with Taylor St John
‘UNCITRAL and ISDS Reform (Online): Can You Hear Me Now?’, EJIL: Talk!, 13 October 2020 (with Taylor St John)
Videos
Presentations
- UNCITRAL Multilateral Instrument on ISDS Reform Webinar, 2020 (with Taylor St John and Wolfgang Alschner) in English and in French
Workshops about Negotiating and Reforming the Investment Treaty System
As part of a project funded by the Australian Department of Foreign Affairs and Trade, Anthea leads capacity building workshops with a variety of states in the Asia-Pacific region on negotiating and reforming investment treaties. This team includes Associate Professor Wolfgang Alschner from the University of Ottawa, Canada, Dr Taylor St John from the University of St Andrews, Scotland, and Mr Richard Braddock from Lexbridge Lawyers. UNCITRAL’s Asia-Pacific office has participated in these workshops.
As part of this project, Associate Professor Wolfgang Alschner is developing a world-class toolkit for negotiators to use in analysing over 3000 investment treaties. This toolkit builds on the Electronic Database of Investment Treaties (EDIT), the most extensive and freely available collection of the full text of international investment agreements. The toolkit allows users to track treaty provisions over time through a user-friendly and customisable dashboard. It also enables negotiators to compare the treaty practice of different states to quickly identify areas of convergence and divergence. EDIT and the early versions of the toolkit are already consulted by states and facilitate evidenced-based decision making, for example, in the UNCITRAL ISDS reform process.

Professor Anthea Roberts
Anthea Roberts, a Professor at the School of Regulation and Global Governance (RegNet), is an interdisciplinary researcher and legal scholar who focuses on new ways of thinking about complex and...
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Anthea Roberts Journal article 2018