Investor-State dispute settlement (ISDS) is going through various reforms, including institutional rule changes. The International Centre for Settlement of Investment Disputes (ICSID) has embarked on the fourth ICSID Rules amendment process in ICSID history.

The previous amendment processes brought about notable additions to the ICSID Rules, such as the procedure for summary dismissal of unmeritorious claims, enhanced transparency in the arbitral process (including publication of at least excerpts of the ICSID awards), and the procedure for third-party intervention.

What are the new potential rules amendments? What are their objectives and innovations? What impact will they have on the ISDS reform?

Meg Kinnear, the Secretary-General of ICSID, will discuss the newly released ICSID working paper on proposed changes to the ICSID Rules and how they address current ISDS challenges.

Our Center had its own views about the changes to the ICSID Rules that can be found here.