Resumen
The provisions of USMCA and their interpretation and application in the developing case law of international arbitral tribunals constituted under its investment chapter show a progressive move towards a higher transparency standard in the resolution of investor-State disputes. The incorporation of most of the UNCITRAL Rules on Transparency in USMCA Annex 14-D expanded the scope of NAFTA´s transparency rules. The entry into force of USMCA and the recent end of NAFTA´s “legacy claims” is to bring normative uniformity across the case law of arbitral tribunals on issues of procedural transparency. This uniformity will enhance the subjective acceptance of USMCA´s investment chapter, altogether increasing the legitimacy of investment arbitration at the global level.
Citas
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