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AfricaMoney | July 25, 2017

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Investor-State Arbitration: Mauritius to sign UN Convention on Transparency

Investor-State Arbitration: Mauritius to sign UN Convention on Transparency

The signing and ratifying of this Convention demonstrates the determination of the island economy’s Government to introduce openness and accountability in the field of investor-State arbitration and promote Mauritius as a regional and international arbitration hub.(Image: 4.bp.blogspot)

Mauritius will soon sign and ratify the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration.

The signature ceremony for the Convention, which is known as the ‘Mauritius Convention on Transparency’, is scheduled to be held later this month in Mauritius.

The signing and ratifying of this Convention demonstrates the determination of the island economy’s 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 the Government’s commitment to uphold democratic participation, good governance and the rule of law in the region.

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.

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