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10/25/23, 10:04 AM Overview of an Arbitration - ICSID Convention Arbitration (2022 Rules) | ICSID

Procedures
Overview (/es/procedimientos) Arbitration (/procedures/arbitration) Conciliation (/procedures/conciliation)

Mediation (/procedures/mediation/overview/2022) Fact Finding (/procedures/fact-finding/overview/2022)

Overview of an Arbitration - ICSID Convention


Arbitration (2022 Rules)
IN THIS SECTION
An ICSID Convention arbitration proceeding is governed by:
Overview of an
. the ICSID Convention (https://icsid.worldbank.org/rules- Arbitration
regulations/convention/icsid-convention/preamble) (/procedures/arbitration/convention/overview/2022)
. the ICSID Institution Rules (https://icsid.worldbank.org/rules-
How to file a Request
regulations/convention/icsid-institution-rules/introductory-note)
. the ICSID Arbitration Rules (https://icsid.worldbank.org/rules-
for Arbitration
(/procedures/arbitration/convention/how-
regulations/convention/arbitration-rules/introductory-note)
. the ICSID Administrative and Financial Regulations
to-file-a-
request/2022)
(https://icsid.worldbank.org/rules-regulations/convention/icsid-
administrative-financial-regulations/introductory-note). Screening and
Registration
The main steps in an ICSID Convention arbitration are depicted in the (/procedures/arbitration/convention/screening-
following flow chart. registration/2022)

Conduct of an ICSID Convention Arbitration Initial Steps after


Registration
(/procedures/arbitration/convention/initial-
steps-after-
registration/2022)

Number of
Arbitrators and
Method of
Appointment
(/procedures/arbitration/convention/appointment/202

Selection and
Appointment of
Tribunal Members
(/procedures/arbitration/convention/selection-
tribunal/2022)

Constitution of the
Tribunal
(/procedures/arbitration/convention/constitution-
tribunal/2022)

First Session
(/procedures/arbitration/convention/first-
session/2022)

Time Limits and


Extensions of Time
Limits
(/procedures/arbitration/convention/time-
limits)

Evidence
(/procedures/arbitration/convention/evidence/2022)

Written Procedure
(/procedures/arbitration/convention/written-
procedure/2022)

Case Management
Conferences
(/procedures/arbitration/convention/case-
management-
conferences/2022)

Hearings
(/procedures/arbitration/convention/hearings/2022)

Cost Submissions
(/procedures/arbitration/convention/cost-
submissions/2022)

Deliberations
(/procedures/arbitration/convention/deliberations/202

Award x
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Confidentiality and
Transparency
The ICSID Convention (/procedures/arbitration/convention/confidentiality-
The ICSID Convention provides the framework for the conduct of an transparency/2022)
arbitration proceeding. The main procedural provisions are contained Post-Award
in Chapters IV (https://icsid.worldbank.org/rules- Remedies
regulations/convention/icsid-convention/chapter-four) to VII (/procedures/arbitration/convention/post-
(https://icsid.worldbank.org/rules-regulations/convention/icsid- award-
convention/chapter-seven) of the Convention. The conditions for jurisdiction remedies/2022)
are in Chapter II. (https://icsid.worldbank.org/rules-
Recognition and
regulations/convention/icsid-convention/chapter-two)
Enforcement
All provisions of the Convention are mandatory unless the Convention (/procedures/arbitration/convention/recognition-
allows parties to agree otherwise. If a question of procedure arises which is enforcement)
not covered by the Convention or by the applicable Arbitration Rules, the Disqualification of
Tribunal has discretion to decide the question (Article 44 Arbitrators
(https://icsid.worldbank.org/rules-regulations/convention/icsid- (/procedures/arbitration/convention/disqualification/2
convention/chapter-four#chapter4article44) of the Convention).
Manifest Lack of
The ICSID Institution Rules Legal Merit
(/procedures/arbitration/convention/manifest-
The ICSID Institution Rules explain how to institute an arbitration lack-of-legal-
proceeding, including the form and content of the Request for arbitration. merit/2022)
They apply to the steps taken between filing a Request for arbitration until Bifurcation
dispatch of the notice of registration. Article 36 (/procedures/arbitration/convention/bifurcation/2022)
(https://icsid.worldbank.org/rules-regulations/convention/icsid-
convention/chapter-four) of the ICSID Convention also applies to initiation of Preliminary
an arbitration. On average, cases are registered within three weeks of the Objections
(/procedures/arbitration/convention/preliminary-
Centre receiving the Request for arbitration with all supporting materials
objections/2022)
and the fee for lodging the Request.
Consolidation and
The ICSID Institution Rules do not apply to the institution of post-Award Coordination
remedy proceedings under the ICSID Convention and Arbitration Rules. The (/procedures/arbitration/convention/consolidation-
applicable Institution Rules are those in effect on the date when the Request coordination/2022)
for arbitration was filed. The current rules came into effect on July 1, 2022.
Provisional Measures
The ICSID Arbitration Rules (/procedures/arbitration/convention/provisional-
measures/2022)
The ICSID Arbitration Rules govern the arbitration proceeding once a
Ancillary Claims
Request for arbitration has been registered. They complement the ICSID
(/procedures/arbitration/convention/ancillary-
Convention procedural provisions, including provisions concerning post-
claims/2022)
Award remedies.
Default
Article 44 (https://icsid.worldbank.org/rules-regulations/convention/icsid- (/procedures/arbitration/convention/default/2022)
convention/chapter-four) of the ICSID Convention provides that arbitrations
will be conducted in accordance with the Arbitration Rules in effect on the Security for Costs
(/procedures/arbitration/convention/security-
date on which the parties consented to arbitration, except as the parties
for-costs/2022)
otherwise agree. The current rules came into effect on July 1, 2022.
Production of
The ICSID Administrative and Financial Regulations Documents
(/procedures/arbitration/convention/production-
The ICSID Administrative and Financial Regulations contain provisions
of-documents/2022)
concerning:
Site Visits
. the costs of the proceeding (Regulations 14 (/procedures/arbitration/convention/site-
(https://icsid.worldbank.org/rules-regulations/convention/icsid- visits/2022)
administrative-financial-regulations/chapter-iii%3A-financial-
Non-Disputing Party
provisions#rule-8186) to 18 (https://icsid.worldbank.org/rules-
and Non-Disputing
regulations/convention/icsid-administrative-financial-regulations/chapter-
Party Treaty
iii%3A-financial-provisions#rule-8276))
. publication of case-related information (Regulations 25
Submissions
(/procedures/arbitration/convention/ndp-
(http://icsid.worldbank.org/rules-regulations/convention/icsid- submissions/2022)
administrative-financial-regulations/chapter-iv%3A-general-functions-of-
the-secretariat#rule-8306) and 26 (https://icsid.worldbank.org/rules- Suspension,
Settlement, and
regulations/convention/icsid-administrative-financial-regulations/chapter-
Discontinuance
iv%3A-general-functions-of-the-secretariat#rule-8311))
. functions with respect to individual proceedings, including the ICSID
(/procedures/arbitration/convention/discontinuance/2

Secretariat’s services (Regulations 17 (https://icsid.worldbank.org/rules- Expedited


regulations/convention/icsid-administrative-financial-regulations/chapter- Arbitration
iii%3A-financial-provisions#rule-8271), 22 (/procedures/arbitration/convention/expedited-
(https://icsid.worldbank.org/rules-regulations/convention/icsid- arbitration/2022)
administrative-financial-regulations/chapter-iii%3A-financial-
provisions#rule-8296), 28 (https://icsid.worldbank.org/rules-
regulations/convention/icsid-administrative-financial-regulations/chapter- RELATED CONTENT
iv%3A-general-functions-of-the-secretariat#rule-8321) and 29
(https://icsid.worldbank.org/rules-regulations/convention/icsid- Arbitration
administrative-financial-regulations/chapter-iv%3A-general-functions-of- Procedures under
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page,2006 ICSIDwill
cookies Rules
be placed on your browser. To learn
the-secretariat#rule-8326))
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immunities and privileges (Regulations 30 and Regulations


. (https://icsid.worldbank.org/rules-regulations/convention/icsid- (https://icsid.worldbank.org/services/arbitration/conve
administrative-financial-regulations/chapter-v%3A-immunities-and-
privileges#rule-8196) and 31 (https://icsid.worldbank.org/rules-
regulations/convention/icsid-administrative-financial-regulations/chapter-
v%3A-immunities-and-privileges#rule-8331))
. official languages (Regulation 32) (https://icsid.worldbank.org/rules-
regulations/convention/icsid-administrative-financial-regulations/chapter-
vi%3A-final-provisions).

The current ICSID Administrative and Financial Regulations came into effect
on July 1, 2022.

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