You need the Flash 8 plugin to view this banner.
Bookmark and Share
Saturday, August 15th 2020
You need the Flash 8 plugin to view this banner.
International Centre for Settlement of Investment Disputes
Register

Enter your email address to receive FREE global mediation news



Unsubscribe

Sponsors





Find out more >>


Featured Global Network Partner



Find out more >>

Find out more >>




Home > Country profiles > International Centre for Settlement of Investment Disputes > Articles > Article detail



What's In A Rule? – Proposal For Amendment Of The ICSID Rules - Part 1 Of 2

Monday, 14th May 2019

"On August 2, 2018, the ICSID released their most comprehensive overhaul of the ICSID Rules in its history (the "Working Paper #1").1 The proposal for amendment of the ICSID Rules contained within Working Paper #1 cover the arbitration rules under the ICSID Convention (the "Arbitration Rules") and conciliation rules under the ICSID Convention, the initiation of Convention arbitration and conciliation proceedings, and administrative and financial rules for Convention arbitration and conciliation. It also addresses the additional facility rules and all proceedings under those rules, including arbitration, conciliation, fact-finding, and a brand new set of rules dealing with mediation.

On March 14, 2019, the ICSID released an update to the proposal for amendment of the ICSID Rules contained within Working Paper #1, building on the original amendments (the "Working Paper #2"). The Working Paper #2 contains a complete redrafting of the Rules (the "Proposed Rules"), along with an explanation of the changes that were accepted and rejected by the ICSID following more than 50 public consultations and 100 written submissions from Member States, legal professionals, and other stakeholders. 2

The ICSID consulted with Member States on Working Paper #2 during the April 7-9, 2019 meetings and remain hopeful that the vote to adopt the Proposed Rules will take place in October 2019 (or at latest, October 2020)."

Read in full: 


Web-link: http://www.mondaq.com/article.asp?articleid=804476&email_access=on
Source: McCarthy Tétrault LLP
Language: English
Contact: The International Arbitration Blog and Jocelyn Turnbull Wallace


< Back