William Ahern

Mar 8, 2023 | lexology.com | Raid Abu-Manneh |Dany Khayat |Alain Farhad |Rachael O’Grady |William Ahern |José Caicedo

As foreshadowed in our June 2022 Legal Update, amended ICSID Arbitration Rules came into effect on 1 July 2022 (the "2022 Rules"). The 2022 Rules are designed to take account of matters and processes that have become commonplace in international arbitration and address certain criticisms of ICSID's self-contained system. Among other improvements, the 2022 Rules significantly expand Rule 28 of the prior 2006 Rules (the "2006 Rules"), which dealt with the cost of proceedings.