On 15 March 2019, following public consultations with states and
stakeholders, ICSID released its second draft working paper of its
proposed amendments to its body of rules. In the "most
comprehensive" exercise at amending its rules in
ICSID's history (the last one being over 13 years ago) the
proposed amendments cover – amongst others – provisions
on transparency, third-party funding, arbitrator challenges,
expedited proceedings and provisional measures, with the overall
aim of reducing time and costs, and to address certain criticisms
of the system of investor state dispute settlement
("ISDS"). On 28 June 2019, ICSID released a second
compendium of comments from States and the public on proposed
amendments to its procedural rules. The compendium consolidates
feedback received from 21 States, organisations and individuals on
the second working paper.
