Tag: UNCLOS

The difficulties associated with multiple claims brought by different claimants on the same subject-matter has been described as “detrimental to investment practice”.[1] The existence of concurrent proceedings can “hinder amicable settlement” and “undermine predictability more generally”.[2] The UNCITRAL Secretariat’s Note on the ‘Concurrent Proceedings in Investment Arbitration’ defines parallel or concurrent proceedings as “situations where…