DESIGNING THE NEXT GENERATION OF THE ICSID RULES

IIA-related break-out sessions
organized by the International Centre for Settlement of Investment Disputes (ICSID)
Event
Session Type
Breakout sessions
Session Themes
High-level event
Room number
Room XXVI
Event Manager
Ms. Elisabeth Tuerk
Contact Email
elisabeth.tuerk@unctad.org
24 October 2018
08:30 - 10:00 Europe/Zurich
Europe/Zurich

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

Speakers

Deputy Director, Legal Adviser, Nigerian Investment Promotion Commission (NIPC)
Secretary-General, International Centre for Settlement of Investment Disputes
Vice President, Investment and Financial Services, United States Council for International Business (USCIB)
Director, Investment Trade Policy Division, Trade Policy Branch, Department of Foreign Affairs, Trade and Development, Canada