The Vienna International Arbitral Centre (VIAC) has further strengthened its arbitration offering by adopting brand new, stand-alone investment arbitration and mediation rules, the VIAC Rules of Investment Arbitration and Mediation (VRI), which entered into force on 1 July 2021. The VRI apply to disputes involving a State, a State-controlled entity or an intergovernmental organization that arise under a contract, treaty, statute or other instrument.
KOROM, V. (2021). VIAC Rules Revision 2021 Part II: The New VIAC Rules of Investment Arbitration and Mediation. Kluwer Arbitration Blog.