Costs - ICSID Convention Conciliation (2022)
In conciliation proceedings, the fees and expenses of conciliators and the administrative charges relating to the use of ICSID's facilities are borne equally by the parties (Article 61(1) of the Convention, Conciliation Rule 8).
Each party bears its own expenses incurred in connection with the conciliation proceedings, including its legal costs.
Therefore, the Commission does not make any decision on costs and no submissions on costs are necessary in conciliation proceedings.
The ICSID Schedule of Fees and the Memorandum on Fees and Expenses applies to ICSID Convention conciliations.