USCIB Participates in UNIDROIT Meetings on International Investment Contracts

Jason File, Director of Legal Affairs and General Counsel at USCIB, attended meetings in Rome, January 19-23, for the International Institute for the Unification of Private Law's (UNIDROIT) project on International Investment Contracts (IICs). The initiative, jointly undertaken by UNIDROIT with the International Chamber of Commerce's (ICC) Institute of World Business Law (ICC Institute), aims to develop guidance to foster the modernization and standardization of international investment contracts.

File added an investor's perspective to the Working Group's discussions of draft model clauses for international investment contracts, contributing to the Group's goal of producing a balanced model contractual framework for Foreign Direct Investments (FDIs). USCIB highlighted the importance of investor protections in managing project risk and ensuring that projects can come to fruition in ways that efficiently contribute to sustainable development.

According to File, this initiative also explores the interaction between the UNIDROIT Principles of International Commercial Contracts (UPICC) and common provisions in international investment contracts, and seeks to address several recent developments in the area of international investment law.