ICSID is amending its rules and regulations. This marks the fourth time the ICSID rules have been updated and is the most extensive review to date.
Five Working Papers have been prepared by the ICSID Secretariat in English, French and Spanish. These incorporate input received from State delegates and the public during extensive consultations. The Working Papers are available below in English (and here in French and here in Spanish), together with the consolidated feedback received from States and the public on each set of proposals.
The overarching goals of the rule amendments are to modernize, simplify, and streamline the rules, while also leveraging information technology to reduce the environmental footprint of ICSID proceedings. The process draws on the lessons learned from hundreds of ICSID cases.
For further background on the rule amendments, click here.
On June 15, 2021, ICSID released its latest working paper which features the updated rules and regulations for ICSID Convention and ICSID Additional Facility arbitration and conciliation, as well as new rules for fact-finding and mediation in ‘clean’ and ‘track-change’ formats in ICSID’s three official languages, English, French and Spanish.
On February 28, 2020, ICSID released its latest working paper with proposed amendments to its procedural rules for resolving international investment disputes. Working Paper #4 features a 'clean' version of the rules, as well as the rules in 'track changes'. The latter section also includes a brief commentary on the changes proposed in the Working Paper.
On August 16, 2019, ICSID released its third working paper with proposals for amendment of its procedural rules. Working Paper #3 also features a 'clean' version of the rules and the rules in 'track changes' (the latter with brief commentary on the changes proposed in the Working Paper).
On March 15, 2019, ICSID released a second working paper with proposed amendments of its procedural rules. It is available in an annotated version (with commentary on the proposed changes) and in a version that consolidates the draft text of the proposed rules without commentary.
On August 3, 2018, ICSID proposed comprehensive changes to modernize its rules for resolving disputes between foreign investors and States in its first working paper.