- Dispute Resolution
United Kingdom Joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – Implications for Investment Protection and ISDS
The United Kingdom (“UK”) has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”). The CPTPP’s entry into force for the UK is expected to take place in the second half of 2024. The UK’s joining is notable since it is the first new economy to join since the CPTPP was signed in 2018 and the UK, as a European state, hails from far beyond the “trans-pacific” region. On 16 July 2023, the UK announced that it had formally signed the treaty that allows it to join the CPTPP. The same day, the Prime Minister of the CPTPP’s Depositary, New Zealand, commented that the UK’s accession would “see […] economic opportunities for growth and...To read the full article, please see the PDF file
*2023.8.2 | Clarification regarding the status of investment treaty protection and ISDS between Japan and the UK on p. 2. Correction of “Permanent Secretary’s Office” to “Department for Business and Trade” on p. 2. Update of hyperlinks to side letters between the UK and Australia, and the UK and New Zealand on p. 2. |
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Lars’ practice is focused on commercial and investment arbitration. He has particular expertise in contentious proceedings involving post-M&A, commercial, manufacturing, construction, and distribution matters, in areas such as life sciences, automotive, and energy. Lars also deals with cases involving governments, and has advised foreign investors and sovereign states on issues of foreign direct investment and public international law, including related negotiations and investor-state disputes. He has been involved in more than 50 international arbitrations as counsel and arbitrator under the arbitration rules of institutions such as the ICC, DIS, SAC, NAI, ICDR, KCAB, JCAA, SIAC, and ICSID, as well as under the UNCITRAL Rules.