Arbitration community calls for improvement of the system

In anticipation of the 50th anniversary of the International Centre for Settlement of Investment Disputes (ICSID), a renowned practitioner and arbitrator Hamid Gharavi of Derains & Gharavi published a strong criticism of the existing system of annulment proceedings under the ICSID rules. Ghravi expresses concern about ‘the unbalanced and extraordinary power that the secretary-general of ICSID’ and urges improvements in the system.

The article entitled ‘ICSID annulment committees: the elephant in the room’ constitutes a good and welcomed example of the ongoing debate within the arbitration community to improve the system.

The article is available at the Global Arbitration Review website.