Code of Conduct for Arbitrators in International Investment Disputes
The Secretariats of the International Centre for Settlement of Investment Disputes (ICSID) and the United Nations Commission on International Trade Law (UNCITRAL) have collaborated on a Code of Conduct for Arbitrators in International Investment Disputes.
The Code is intended to provide applicable principles and provisions addressing matters such as independence and impartiality, and the duty to conduct proceedings with integrity, fairness, efficiency and civility. It is based on a comparative review of standards found in codes of conduct in investment treaties, arbitration rules applicable to ISDS, and of international courts.
Code of Conduct Resources
A first version of the Code was published on May 1, 2020. ICSID and UNCITRAL received extensive input on the draft through consultation with State delegates and other interested stakeholders. Based on the feedback received, a second version of the Code was published on April 19, 2021, a third version was published on September 22, 2021, a fourth version was published on July 25, 2022, and the fifth version was published on November 28, 2022.
In May 2023, ICSID and UNCITRAL published advanced drafts of the texts to be presented to UNCITRAL at its 56th annual session, held from July 3-21 in Vienna, and in October 2023 published advance copies based on the decisions taken by the Commission.