Security For Costs In ICSID Arbitrations. For the first time, an arbitral tribunal has ordered security for costs in an ICSID arbitration. The arbitral tribunal has ordered the oil and gas exploration and production company RSM Production Corporation to provide a guarantee of USD 750,000 as security for the costs of an investment arbitration. This followed on […]
THE DEVELOPMENT OF INTERNATIONAL ARBITRATION IN TURKEY by Turgut Aycan Özcan
THE DEVELOPMENT OF INTERNATIONAL ARBITRATION IN TURKEY by Turgut Aycan Özcan A. Introduction As a bridge between the Europe and the Middle East, Turkey plays an important and geopolitical role, which connects these two continents not only in the political meaning but also in the economical meaning. Thus, as a developing country, Turkey has become […]
The ICSID Arbitration Rules (Current As Of June 2014)
The ICSID Arbitration Rules (Current As Of June 2014) The ICSID Arbitration Rules are used for resolving investor-State arbitrations brought under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”), which is the arbitration arm of the World Bank. The ICSID Arbitration Rules were last updated in 2006, following public criticism of […]
The ICC Rules of Arbitration (2012)
ICC Rules of Arbitration (2012) These ICC Rules of Arbitration are current as of June 2014. The ICC Rules of Arbitration may be used internationally to resolve international commercial arbitrations as well as to resolve investment treaty arbitrations in certain cases. They are appropriate to be used for nearly all international business disputes. A full-text version of the […]
New ICDR Rules of Arbitration (2014)
New ICDR Rules of Arbitration (2014) The New ICDR Rules of Arbitration have been released and may be downloaded below. The goal of the new ICDR Rules of Arbitration is to improve upon the efficiency of arbitration and mediation proceedings, as well as to codify existing ICDR practices. The changes to the new ICDR Rules of Arbitration […]