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ARTICLE · 13 NOVEMBER 2013

A Few Steps To A Faster ICSID

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Why does the average ICSID case take almost five years to reach an award? And what can be done about it? Adam Raviv of Wilmer Cutler Pickering Hale and Dorr in Washington, DC, sets out some simple ideas to speed up proceedings.

United StatesLitigation, Mediation & Arbitration
Adam Raviv
Adam Raviv
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It is a truth universally acknowledged that investment arbitrations are drawn-out affairs. Proceedings before the International Centre for Settlement of Investment Disputes (ICSID), in particular, are frequently criticised for their excessive length. The 19 ICSID Convention awards issued in 2012 came after an average of nearly five years of proceedings. Moreover, an award is often, to paraphrase Churchill, merely the end of the beginning, thanks to the annulment applications that so frequently follow.

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Originally published in Global Arbitration Review Volume 8, Issue 5

A longer scholarly article on the same topic is forthcoming in Transnational Dispute Management.

The views expressed in this article are the author's alone and do not reflect the views of his firm. A longer scholarly article on the same topic is forthcoming in Transnational Dispute Management.

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