Mauritius will sign and ratify the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration. The signature ceremony for the Convention, to be known as the ‘Mauritius Convention on Transparency’, is scheduled to be held later this month in Mauritius.
The Convention is an instrument by which Parties to investment treaties express their consent to apply the Rules on Transparency in Treaty-based Investor-State Arbitration of the United Nations Commission on International Trade Law (UNCITRAL) to their existing investment promotion and protection agreements concluded before 1 April 2014.
The signing and ratifying of this Convention translates the determination of Government to introduce openness and accountability in the field of investor-State arbitration and promote Mauritius as a regional and international arbitration hub. It also demonstrates Government’s commitment to uphold democratic participation, good governance and the rule of law in the region.
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