On June 11, the first consultative meeting between the Department of International Law and Treaty of the Ministry of Foreign Affairs of Mongolia and the International Legal Affairs Bureau of the Ministry of Foreign Affairs of Japan was held virtually.
The annulment proceedings in the
Yukos case, initiated by Russia with the aim of setting aside the largest arbitral awards in history, may finally be coming to an end.(1) An interim decision of 4 December 2020 by the Supreme Court and the opinion of the advocate general of 23 April 2021 seem to have given away which party is likely to prevail in this long-running saga.
Facts
The Yukos saga started in 2005 when VPL, YUL and Hulley (Yukos s shareholders) filed requests for arbitration in United Nations Commission on International Trade Law arbitration proceedings administrated by the Permanent Court of Arbitration seated in The Hague. In 2014 Russia was ordered to pay $50 billion in damages to Yukos s shareholders under the Energy Charter Treaty (ECT) (the Yukos awards). The tribunal held that Russia, by expropriating Yukos s shareholders investments in OAO Yukos Oil Company, had breached Articles 10 (fair and equitable treatment of investors) and 13 (wrongful expropriation) of th
You are here: The Mauritius Convention on Transparency: Comments on the treaty and its role in increasing transparency of investor-State arbitration
The Mauritius Convention on Transparency: Comments on the treaty and its role in increasing transparency of investor-State arbitration
In July 2014, the United Nations Commission on International Trade Law (UNCITRAL) adopted the Mauritius Convention on Transparency that, if widely adopted, will do much to increase the transparency of investor-state arbitrations conducted under thousands of existing investment treaties and under any set of arbitration rules. This policy paper introduces the background and objectives of the Transparency Convention, provides commentary on each of its specific articles, and explains how the Transparency Convention can accomplish broad reform.