The New ICSID Rules and Regulations - an Overview

On 1 July 2022, the amendments to the ICSID Rules and Regulations of the International Centre for Settlement of Investment Disputes (ICSID) came into effect, after a long and carefully managed deliberation process. Since October 2016, ICSID has been engaging in consultations to amend its Rules and Regulations with the goal to “modernize, simplify, and streamline the rules, while also leveraging information technology to reduce the environmental footprint of ICSID proceedings”. This has been welcomed as a step in the right direction towards making ICSID disputes more efficient and cost effective. The revisions constitute the fourth time that the ICSID Rules and Regulations have been amended and all new amendments are published ...To read the full article, please see the PDF file

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Authors

Lars MARKERT

Partner
Tokyo

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Lars’ practice is focused on commercial and investment arbitration. He has particular expertise in contentious proceedings involving post-M&A, commercial, manufacturing, construction, and distribution matters, in areas such as life sciences, automotive, and energy. Lars also deals with cases involving governments, and has advised foreign investors and sovereign states on issues of foreign direct investment and public international law, including related negotiations and investor-state disputes. He has been involved in more than 50 international arbitrations as counsel and arbitrator under the arbitration rules of institutions such as the ICC, DIS, SAC, NAI, ICDR, KCAB, JCAA, SIAC, and ICSID, as well as under the UNCITRAL Rules.

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