About the Book
This original commentary on the ICSID Convention, Regulations and Rules offers a new, forward-looking and highly practical interpretation of the Washington Convention and its associated documents. It is the first commentary to provide systematic article-by-article coverage not only of the Convention itself, but also of the institution and arbitration rules as well as the administrative and financial regulations.
Key features include:
Contributions from leading practitioners, academics and government officials in the field of international investment law and arbitration, drawn from different backgrounds and jurisdictions to give an exhaustive view of the topic
Analysis of current thinking around proposed amendments to ICSID Rules, together with an examination of potential future developments in their interpretation and implementation
Inclusion of the full text of the Convention, Regulations and Rules provided for ease of reference
Detailed commentary on the Convention, Regulations and Rules, including up-to-date analysis of all significant case-law.
Highly practical information and insights presented in an accessible format, ideal for use by Arbitration Tribunals.
This unique and comprehensive work will be an essential resource for practising lawyers and policy-makers in the investment arbitration community. The book will also be an important reference work for researchers and academics in international investment law and international arbitration.
Table of Contents:
Contents:
Foreword liv
PART I COMMENTARY ON THE CONVENTION 1
The Preamble of the ICSID Convention 2
1 International Centre for Settlement of Investment Disputes 24
2 Jurisdiction of the Centre 102
3 Conciliation 256
4 Arbitration 271
5 Replacement and Disqualification of Conciliators and Arbitrators 751
6 Cost of Proceedings 777
7 Place of Proceedings 831
8 Disputes Between Contracting States 848
9 Amendment 858
10 Final Provisions 868
PART II COMMENTARY ON ADMINISTRATIVE AND FINANCIAL
REGULATIONS 911
11 ICSID Administrative and Financial Regulations 912
12 Procedures of the Administrative Council 915
13 The Secretariat 925
14 Financial Provisions 930
15 General Functions of the Secretariat 941
16 Functions with Respect to Individual Proceedings 947
17 Special Provisions Relating to Proceedings 955
18 Immunities and Privileges 959
19 Miscellaneous 962
PART III COMMENTARY ON RULES OF PROCEDURE FOR THE
INSTITUTION OF CONCILIATION AND ARBITRATION
PROCEEDINGS (INSTITUTION RULES) 964
20 Rules of Procedure for the Institution of Conciliation and Arbitration
Proceedings (Institution Rules) 965
PART IV RULES OF PROCEDURE FOR ARBITRATION PROCEEDINGS
(ARBITRATION RULES) 977
21 Establishment of the Tribunal 978
22 Working of the Tribunal 1029
23 General Procedural Provisions 1058
24 Written and Oral Procedures 1085
25 Particular Procedures 1139
26 The Award 1225
27 Interpretation, Revision and Annulment of the Award 1270
Select bibliography 1305
Index 1311
About the Author :
Edited by Julien Fouret, Holman Fenwick Willan (HFW), France, Rémy Gerbay, Partner
Hughes Hubbard & Reed LLP, US and Gloria M. Alvarez, School of Law, University of Aberdeen, UK
Review :
‘As soon as the reader opens the book, he/she is impressed by the list of contributors (renowned practitioners, academics and arbitrators), the detailed lists of cases, legislation, and international instruments cited therein. As such, after leafing through the first few pages, the reader has very high expectations. The book certainly meets these expectations. The structure of the volume is easy and accessible, the content of the chapters is thorough and detailed, the analysis of the documents of the ICSID system is unique. As Meg Kinnear, ICSID Secretary-General, has written in her foreword to the book: “This new commentary, envisioned and realized by Julien Fouret, Rémy Gerbay and Gloria Alvarez, is a tremendous analysis of the foundational documents of the ICSID system.” I could not agree more.’
‘By all accounts and standards, this is an impressive book. This guide is comprehensive and very reliable. On dozens of issues, from the dramatic to the mundane, readers are provided with accessible information, and often with guidance as to the proper interpretation of controversial provisions. It has taken quite a while for the Commentary genre to engage with the ICSID Convention. This work is not the first of its kind, but - at least for the time being - the most comprehensive, up-to-date and compact guide to the ICSID arbitration framework: it marks a significant achievement, on which the editors and the publisher are to be congratulated.’
‘The must-read and must-have state-of-the-art practical guide for all users of the ICSID Convention.’
‘This is a monumental work . . . this book is worth its weight in gold. The detail of the commentary on each article of the Convention, regulations and rules is impressive. With the surge in investment arbitration over the past thirty years, this work is no doubt a timely and topical addition to the ISDS library, which will offer a welcome alternative to the longer-standing, more entrenched works on the subject. . . . the absolutely supreme quality of the writing that constitutes the commentary. I cannot but recommend this work most warmly and look forward to using it in my own practice.’
‘Because of the ICSID system’s fundamental and ground-breaking role in this context, the ICSID Commentary is indispensable. It provides a thorough and comprehensive and up-to-date view of how it operates and how it achieves a balance of the interests of States and investors, as well as of how it has been capable of evolving and adapting over the years.’
‘The Practical Commentary is an impressive piece of scholarship with a pragmatic analytical approach on the most important set of rules for the settlement of ISDS disputes. It is a comprehensive and accessible treatment of the ICSID Convention, its Regulations and Rules. The diligent and terrific analysis of those provisions carried out by the 101 authors with extensive expertise in ISDS, shows how history, tradition and evolution coexist peacefully in the ICSID system, thanks to the flexible and elastic nature of the provisions of the Convention, its Regulations and Rules.’
‘Having gathered writings from over 70 authors, Fouret, Gerbay and Alvarez have created an ICSID Practical Commentary that presents a detailed and exhaustive review of the ICSID Convention, Rules and regulations. Extensive discussion of policy, practice and scholarship makes of this commentary a timely and highly relevant reference work for all the members of the investment arbitration community.’
‘ICSID Practical Commentary is a state of the art work on the present and future of international investment treaty practice under ICSID. This important book should be a required stop for policy-makers, government officials, practitioners and academics concerned with investment treaty practice under ICSID procedures and beyond. This volume is an all-encompassing work as it encapsulates the experience of many knowledgeable members of the arbitration community.’
‘This comprehensive commentary is the first in-depth analysis of both the Washington Convention together with all the regulations and rules applicable in an ICSID Arbitration. With more than 70 authors, including themselves, Julien Fouret, Rémy Gerbay and Gloria Alvarez have edited a book which demonstrates their understanding of the system as a whole by proposing a practical and forward-looking analysis of not only what are the rules applicable to date, but also what might be expected in the future.’
‘Modern, simple and sophisticated, the latest comprehensive study of the ICSID Rules likely will become a staple of investment treaty arbitration. Practitioners will know to take advantage of the detailed and organized review of the Rules, which could hardly be easier to consult. The commentary is both intellectual and practical.’
