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