Investor Presentaiton

4 INVESTOR-STATE DISPUTE SETTLEMENT: A SEQUEL PREFACE This volume is part of a series of revised editions - sequels - to the UNCTAD Series on Issues in International Investment Agreements. The first generation of this series, also called the Pink Series, was published between 1999 and 2005 as part of UNCTAD'S work programme on international investment agreements (IIAs). It aimed at assisting developing countries in participating, as effectively as possible, in international investment rule making at the bilateral, regional, plurilateral and multilateral levels. The series sought to provide balanced analyses of issues that may arise in discussions about IIAS, and has since become a standard reference tool for IIA negotiators, policymakers, members of the private sector, academics and other stakeholders. Since the publication of the first generation of the Pink Series, the world of IIAS has changed tremendously. In terms of numbers, the IIA universe has grown, and continues to do so albeit at a slower rate. Further, the impact of IIAs has evolved. Many investor-State dispute settlement (ISDS) cases have brought to light unanticipated and partially undesired side effects of IIAS. With its expansive, and sometimes contradictory, interpretations, the arbitral process has created a new learning environment for countries and, in particular, for IIA negotiators. Issues of transparency, predictability and policy space have come to the forefront of the debate as has the objective of ensuring coherence between IIAs and other areas of public policy, including policies addressing global challenges, such as the protection of the environment (climate change) and public health and safety. UNCTAD Series on International Investment Agreements II

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