Thank you very much for the introduction, and for the opportunity to be here.

As a brief background to the SCC, and why I am speaking on this topic today, I will just say that at the SCC we handle about 200 commercial arbitration cases a year, but that we have also seen quite a large number of investor-state arbitration cases over the years. As of 31 December 2104 we had had more than 70 ISDS cases, both under the SCC Rules and the UNCITRAL Rules. This makes us the second largest institution for ISDS cases under our own rules in the world, after ICSID, and the SCC Rules the third most commonly used rules for decided ISDS cases, after ICSID and UNCITRAL Rules. Against this background, we have also become quite involved in the debate on ISDS.