Investor Presentaiton

197 need for their treaty partners to agree. However, ADR and DPPs do not solve key ISDS-related challenges. The most they can do is to reduce the number of full-fledged legal disputes, which would render this reform path a complementary rather than stand-alone avenue for ISDS reform. *** Among the reform options outlined above, some imply individual actions by governments and others require joint action by a significant number of countries. Most of the options would benefit from being accompanied by comprehensive training and capacity- building to enhance awareness and understanding of ISDS related- issues. 228 While the collective action options would go further to address the problems posed by today's ISDS regime, they would face more difficulties in implementation and require agreement between a larger number of States. An inclusive, universal and transparent multilateral policy dialogue on ISDS could help to develop a consensus on the preferred course for reform and ways to put it into action. The time is ripe. 228 Such capacity building activities are, among others, being carried out by UNCTAD (together with different partner organizations). Latin American countries, for example, have benefitted from UNCTAD's advanced regional training courses on ISDS on an annual basis since 2005. UNCTAD Series on International Investment Agreements II

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