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Submission Regarding Amendments To The Icsid Arbitration Rules, Columbia Center On Sustainable Investment
Submission Regarding Amendments To The Icsid Arbitration Rules, Columbia Center On Sustainable Investment
Columbia Center on Sustainable Investment Staff Publications
In March 2017, CCSI submitted comments to the ICSID Secretariat regarding proposed revisions to ICSID’s arbitration rules. CCSI’s submission provided illustrative suggestions for amendments regarding the following issues: recognizing and safeguarding of the rights and interests of non-parties; improving transparency of the dispute resolution process; promoting transparency of ownership over investments; preventing actual and apparent conflicts of interest; addressing concerns raised by third-party funding; ensuring legitimacy of settlement agreements; and ensuring legitimacy of the rule revision process itself.