Discontinuance of Proceedings - Additional Facility.
For arbitrations brought under the ICSID Convention Arbitration Rules or ICSID Additional Facilities (AF) Rules, the year in which the claim was registered by ICSID is used. Applicable IIA This is the IIA(s) pursuant to which the claimant initiated the arbitral proceedings.
The International Centre for Settlement of Investment Disputes (ICSID) was established in 1966 as an initiative of the World Bank to administer international investment disputes. The institution is based in Washington, D.C. ICSID is available to administer conciliation and arbitration proceedings aiming to solve Investor-State disputes and State-State disputes under Bilateral Investment.
According to ICSID caseload statistics, Sub-Saharan Africa represented 15 per cent of the geographic distribution of all ICSID cases registered under the ICSID Convention and Additional Facility Rules by state party involved. 40 Of the 706 cases registered at ICSID, 79 involved an African respondent, representing 27 per cent of ICSID's caseload.
The Additional Facility Rules comprise a principal set of Rules Gov-erning the Additional Facility and their three schedules: Fact-Finding Rules (Schedule A), Conciliation Rules (Schedule B) and Arbitration Rules (Schedule C). The latest amendments of the Additional Facility Rules adopted by the Administrative Council of the Centre came into.
The Arbitration (Additional Facility) Rules are based on the ICSID Arbitration Rules, and provisions of the Convention which lend themselves to inclusion in an instrument of a contractual nature, and include some provisions derived from the UNCITRAL Rules and the ICC Rules. The reference table following the text of the Arbitration (Additional Facility) Rules shows the origin of their.
ICSID Additional Facility or the rules of the United Nations Commission for International Trade Law (UNICITRAL). The system was at first limited to cases where both the national State.
The proposals for the settlement of investment disputes under the FTAA also prefer arbitration under the Additional Facility Rules. 55 Preference for the ICSID facility is not only a convenient alternative, most importantly, preference avoids the uncertainty that could result if a specialist court was set up to deal with trans-national disputes without the unequivocal political support of all.