To begin with, I will give you an overview of the main steps involved in an ICSID Convention Arbitration
The main steps involved in an ICSID Convention Arbitration
PREPARATIONS – About Screening and Registration at the ICSID
As soon as a party has filed a request for arbitration with the prescribed lodging fee, ICSID sends the request to the other party and reviews the request to determine whether it can be registered.
- The Screening Process
The Secretary-General of ICSID must determine whether the dispute is manifestly outside the jurisdiction of the Centre as soon as possible after the filing of the request for arbitration. This determination is made on the basis of the information contained in the request.
If one of the requirements in Article 25 of the ICSID Convention is manifestly lacking, the Secretary-General must refuse to register the request. Otherwise the dispute must be registered and the Tribunal can address objections.
The screening process takes on average three weeks, depending on whether ICSID needs clarifications, additional information or documentation from the requesting party.
The notice of registration is sent to the parties and basic case details are posted on ICSID’s website. All significant steps in the proceeding are subsequently made publicly available under “Procedural Details” of that case.