The OECD, on 24 November 2016, published the multilateral instrument for implementing BEPS in tax treaties. The multilateral instrument has two main goals. FIrst, to transpose a series of tax treaty measures from the OECD BEPS project into existing bilateral and multilateral tax agreements. Second, to set a new standard for mandatory binding arbitration in relation to resolving double tax disputes.
Source & more info: PwC