Amendment Of ICSID Rules And Regulations

Introduction

At the 2016 Annual Meeting of the Administrative Council, the International Centre for Settlement of Investment Disputes ("ICSID") launched an amendment process on its' rules and regulations ("ICSID Rules and Regulations"). This has been the fourth amendment process since 1984, 2003 and 2006¹.

As per Article 6 of the ICSID Convention, the amendments will only be effective upon the approval of two-thirds of the contracting states². Hence, ICSID invited contracting states and the public³ to provide their amendment suggestions on topics worthy of consideration, which will be used as background papers throughout the process.

Targets of the Amendment on ICSID Rules and Regulations