DESIGNING THE NEXT GENERATION OF THE ICSID RULES

24 OCT 2018
08:30-10:00
ROOM XXVI

DESIGNING THE NEXT GENERATION OF THE ICSID RULES

Organized by the International Centre for Settlement of Investment Disputes (ICSID), and hosted by its Secretary-General Ms. Meg Kinnear, this roundtable discussion will address the proposals for modernization and streamlining of the ICSID´s rules of investor-State arbitration and conciliation. The ICSID Convention Rules and Regulations are the most widely used procedural rules in investor-State dispute settlement. The proposals are expected to result in the most comprehensive changes to date.

The proposed amendments span the full range of ICSID procedure, from registering a case, constituting a tribunal, awarding costs and publishing case-related materials. Overall, the proposals seek to make ICSID proceedings more efficient and cost-effective, transparent in their outcomes and preemptive in avoiding conflicts of interests.

Issues for debate:

  • Improving time and cost efficiency
  • Transparency and non-disputing party participation
  • Appointment and disqualification of arbitrators

The break-out session is organized under the sole responsibility of the above-mentioned organizer. The UNCTAD secretariat is not responsible for the content of the discussions or for the material provided during the break-out session.