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ARTICLE · 31 JULY 2023

A Milestone In Dispute Resolution: UN Adopts Code Of Conduct For Investment Dispute Arbitrators

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During its 56th annual session in Vienna, the United Nations Commission on International Trade Law ("UNCITRAL") achieved a long-awaited milestone by formally adopting the Code of Conduct...

TurkeyLitigation, Mediation & Arbitration
Erdinc Dalar
Erdinc Dalar
Sezi Atmaca
Sezi Atmaca
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During its 56th annual session in Vienna, the United Nations Commission on International Trade Law ("UNCITRAL") achieved a long-awaited milestone by formally adopting the Code of Conduct for Arbitrators in International Investment Disputes (the "Code"), marking a significant step forward in the realm of investment dispute resolution.

Algeria proposed the Code's inception in 2015, and since UNCITRAL's endorsement, it has been under development since 2017. Collaboratively, the Secretariats of UNCITRAL and the International Centre for Settlement of Investment Disputes ("ICSID") have worked on the Code throughout the period. Drawing from an extensive review of standards found in codes of conduct in investment treaties and arbitration rules applicable to Investor-State Dispute Settlement ("ISDS") and international courts, the Code aims to set new benchmarks for arbitration ethics and conduct.

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