1. H OT T OPICS IN I NVESTOR -S TATE A RBITRATION : I NVESTOR -S TATE A RBITRATION AT A C ROSSROADS Program Chair: Marney Cheek, Covington & Burling LLP Participants: Kate Brown de Vejar, Curtis Mallet-Prevost Colt & Mosle Dmitri Evseev, Arnold & Porter LLP Paulo Fohlin, Advokatfirman Odebjer Fohlin Noradèle Radjai, Lalive

2. Enforcement What are the main hurdles to enforcement of arbitral awards? Given past experience with judgments against Russia and CIS countries, what does the future hold? 2

3. Third-Party Funding What makes third-party funding attractive, and what concerns arise when third-party funders are involved? What disciplines are needed in this emerging field? 3

4. State Responsibility What challenges arise for the investor and the state when state-owned enterprises are involved in an investment? Should we adopt an expansive or narrow view of state responsibility, particularly with regard to state-owned enterprises? 4

5. Transparency With regard to investor-state arbitration, what type of transparency is needed? Have the new UNCITRAL rules on transparency struck the right balance? 5

6. H OT T OPICS IN I NVESTOR -S TATE A RBITRATION : I NVESTOR -S TATE A RBITRATION AT A C ROSSROADS Program Chair: Marney Cheek, Covington & Burling LLP Participants: Kate Brown de Vejar, Curtis Mallet-Prevost Colt & Mosle Dmitri Evseev, Arnold & Porter LLP Paulo Fohlin, Advokatfirman Odebjer Fohlin Noradèle Radjai, Lalive