On July 10, 2014, the United Nations Commission on International Trade Law (UNCITRAL) approved the draft Convention on Transparency in Treaty-Based Investor-State Arbitration (draft Convention) at its 47^th session in New York. According to a press release, “[t]he purpose of the convention on transparency is to provide a mechanism for the application of the [UNCITRAL Rules on Transparency in Treaty-based Investor-State Arbitration] to arbitration cases arising under the almost 3,000 investment treaties concluded before 1 April 2014.” In light of UNCITRAL’s approval, the draft Convention “will now be submitted to the United Nations General Assembly for final consideration and adoption at its 69th session this Fall.”