STUDY GLOBAL AND REGIONAL ORDER UNCITRAL FIDDLES WHILE COUNTRIES BURN Jane Kelsey and Kinda Mohamadieh September 2021 The billions of dollars that arbitral tribunals have ­ordered to be paid out to investors in publicly known ISDS ­cases have diverted taxpayers’ money away from ­funding public health, among other public concerns. The Working Group III of the United Nations Commission on International Trade Law (UNCITRAL) appears to be a long way from delivering meaningful reforms to the investment arbitration regime. As the recent ­history of ISDS has shown, the negative impacts will affect every country in the world. TWN Third World Network