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Awards are final and binding on the parties to the dispute. They are subject to the limited post-award remedies provided for in the Convention. The remedies are available in respect of an award rendered under Article 48 of the Convention, as opposed to decisions issued by the Tribunal during the...

Except as otherwise agreed, the oral procedure follows parties’ written submissions (Arbitration Rule 29). The oral procedure consists of hearings and procedural sessions. Most hearings are held in person, while procedural sessions (such as the first session of the Tribunal) are often held by...

The parties should file evidence in support of their claim or defence with their written pleadings.  Such evidence must seek to prove or disprove facts upon which they wish to rely (Arbitration Rules 24 and 33). Evidence filed in the written process can be documentary (e.g. exhibits, witness...

  The ICSID Convention entitles each Member State to designate up to four persons to the Panel of Arbitrators and up to four persons to the Panel of Conciliators (Article 12 to 16 of the ICSID Convention). In addition, the Chairman of the Administrative Council of ICSID may designate up to ten...

An award of a Tribunal is binding on all parties to the proceeding and each party must comply with it pursuant to its terms (Article 53(1) of the ICSID Convention).  If a party fails to comply with the award, the other party can seek to have the pecuniary obligations recognized and enforced in the...

ICSID Counsel Martina Polasek,Geraldine Fischer and Aissatou Diop,with ICSID Secretary-General Meg Kinner. Washington D.C. As soon as a party has filed a request for arbitration with the prescribed lodging fee, ICSID sends the request to the other party and reviews the request to determine whether...

​The parties may agree on the number of written pleadings and the time limits for their submission. The written procedure usually consists of two rounds of pleadings (Arbitration Rule 31): First round: the requesting party files a Memorial followed by the opposing party’s Counter-Memorial. Second...

​As part of its services to ICSID Member States and the public, the Secretariat seeks to promote greater awareness of the ICSID dispute settlement process and the development of international law on foreign investment.  To this end, it makes available on this website various information resources,...

The ICSID Convention requires that the parties' consent to ICSID jurisdiction be in writing. The ICSID Model Clauses has been written to suggest how the consent can be recorded. Model clauses are also suggested for use in conjunction with the ICSID Additional Facility Rules and for designation of...

​ ICSID publishes a multi-volume loose-leaf collection of Investment Treaties containing the texts of investment treaties and protocols concluded by over 165 countries from 1959 until the present. The Investment Treaties collection has been published since 1986 and is updated three times per year....