organized by the International Centre for Settlement of Investment Disputes (ICSID)
About this session
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
Ms. Patience Okala
Deputy Director, Legal Adviser, Nigerian Investment Promotion Commission (NIPC)
Ms. Meg Kinnear
Secretary-General, International Centre for Settlement of Investment Disputes
Mr. Shaun Donnelly
Vice President, Investment and Financial Services, United States Council for International Business (USCIB)
Mr. Vernon MacKay
Director, Investment Trade Policy Division, Trade Policy Branch, Department of Foreign Affairs, Trade and Development, Canada