Commonly Used Procedural Rules

Abstract

Abstract This chapter focuses on the commonly used procedural rules for investment arbitrations. The International Centre for the Settlement of Investment Disputes (ICSID) and the United Nations Commission on International Trade Law (UNCITRAL) arbitration rules govern the vast majority of the cases. The ICSID Rules of Procedure for Arbitration Proceedings set forth procedures for the conduct of an arbitration proceeding under the ICSID Convention, including the constitution of the arbitral tribunal, the presentation by the parties of their case, and the preparation of the arbitral award. Meanwhile, UNCITRAL is the central legal entity within the United Nations system responsible for activities in the field of international commercial law. While UNCITRAL itself does not supervise arbitral proceedings, the UNCITRAL Arbitration Rules are used in various ad hoc arbitral proceedings administered under auspices of various arbitral institutions such as the Permanent Court of Arbitration. The chapter also looks at the Stockholm Chamber of Commerce Rules, the International Chamber of Commerce Rules, and the Permanent Court of Arbitration Rules.