CIADI - Annual report 2021

2021 ANNUAL REPORTICSID is an international facility available to States and foreign investors for the resolution of investment disputes. Established in 1966 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), it is the only global institution dedicated to international investment dispute settlement. Through its specialized rules of procedure, world-class facilities, and expert legal and administrative support, ICSID provides unparalleled dispute resolution services to States and investors. Since the first case was registered with ICSID in 1972, the majority of all known international investment disputes have been administered by ICSID. ABOUT ICSIDDear Mr. Malpass, I am pleased to submit the Annual Report on the operation of the International Centre for Settlement of Investment Disputes for approval by the Administrative Council. This Annual Report covers the fiscal year from July 1, 2020 to June 30, 2021. The Report includes the audited financial statements of the Centre, presented pursuant to Administrative and Financial Regulation 19. Yours sincerely, Meg Kinnear Secretary-General September 7, 2021

LETTER OF

TRANSMITTAL

Mr. David R. Malpass Chair, Administrative Council International Centre for Settlement of Investment DisputesLetter of Transmittal iv Message from the Secretary-General 1 Message from the Chair 3 Year in Review 4 ICSID Secretariat 6

Institutional Update: Rule Amendments | Code of Conduct 10

Membership 13 Panels of Arbitrators and of Conciliators 16 Caseload Trends 20 Spotlight on Mediation 34 Outreach and Training 36 Fifty-Fourth Annual Meeting 44 Finance 46 List of Member States 63 CONTENTS v 2021 ANNUAL REPORTMEG KINNEAR | ICSID SECRETARY-GENERAL vi ICSIDThe last year has seen unprecedented challenges across the global economy. The task ahead is not

Finance 46 List of Member States 63 CONTENTS v 2021 ANNUAL REPORTMEG KINNEAR | ICSID SECRETARY-GENERAL vi ICSIDThe last year has seen unprecedented challenges across the global economy. The task ahead is not only to build back, but ‘build back better’ as so many have urged. Supporting a green and inclusive recovery—with lasting benefits for people and the planet—is our central task at the World Bank Group. ICSID has a unique role to play in this as the premiere global institution dedicated to the resolution of international investment disputes. Over the last year, our core priority has been ensuring that ICSID’s services and facilities for the peaceful settlement of disputes remained available to States and investors. We have succeeded on that front, having adapted to new ways of working in a manner that has been seamless for users of the Centre. As we report on page 20, our key case-related indicators—from the issuance of decisions and awards, to the number of hearings and sessions held in FY2021— are consistent with previous years. Underlying these numbers is a remarkable shift in the administration and conduct of cases. ICSID went completely paperless last year, as electronic filing became the default option. For those familiar with the voluminous banker boxes that traditionally passed through our offices, you will especially appreciate the significance of this change. The move to remote hearings is also unprecedented. While videoconferencing had been used increasingly over the years for sessions and shorter, less complex, hearings, the last year has seen the technology put to use on an entirely new scale. It has demonstrated that videoconferencing is a viable option for even the largest, most complicated hearings. We expect that practices such as electronic filing will be permanent, and that we will continue to use remote platforms in many situations. We also expect that hybrid models—in which hearing participants are grouped in different locations— will be increasingly favored.

is a viable option for even the largest, most complicated hearings. We expect that practices such as electronic filing will be permanent, and that we will continue to use remote platforms in many situations. We also expect that hybrid models—in which hearing participants are grouped in different locations— will be increasingly favored. We have invested in our hearing facilities and our technological capacity with this future in mind. Our hearing centre in Washington D.C. is not only a physical place for hearings, but a technological hub as well. It is designed to bridge conference rooms in different locations, and house interpreters and court reporters, ensuring their services are integrated seamlessly with the proceedings. ICSID is also well placed to leverage its extensive network of World Bank Group country offices, as well as the hearing facilities of over 25 dispute resolution institutions with which we have cooperation agreements.

MESSAGE FROM THE

SECRETARY-GENERAL 1 2021 ANNUAL REPORTAs we optimize our services and facilities for the post-pandemic recovery, a major update to the ICSID rules and regulations is also around the corner. Over the last three years, ICSID has worked with its Member States on wide-ranging amendments to the rules that guide the arbitration, conciliation, mediation and fact-finding procedures. It marks the most comprehensive modernization of the ICSID rules and regulations in the Centre’s 50-plus year history. The Secretariat issued its fourth working paper with proposed amendments to the rules in February 2020. While a planned in-person consultation with Member States was not possible due to the pandemic, States and the broader public provided feedback on the proposals in writing. The number of topics that require further consultation has narrowed considerably, and ICSID’s fifth working paper, released in June 2021, seeks to bridge the few differences that remain. Another priority has been the development of the Code of Conduct for Adjudicators in InvestorState Disputes in collaboration with UNCITRAL.

considerably, and ICSID’s fifth working paper, released in June 2021, seeks to bridge the few differences that remain. Another priority has been the development of the Code of Conduct for Adjudicators in InvestorState Disputes in collaboration with UNCITRAL. Like the ICSID rule amendments, this has been an open and iterative process. An initial draft text released in May 2020 has been the subject of extensive discussion amongst all stakeholders, including a two-day consultation with ICSID and UN member State representatives in March 2021. A further draft based on these consultations was issued in April 2021. I am also delighted to report that Ecuador signed the ICSID Convention on June 21, 2021, becoming the 164th signatory to the Convention. I congratulate Ecuador on taking this important step and welcome Ecuador back as an ICSID Contracting State. As in previous years, ICSID has also maintained a robust program of conferences and courses, as we highlight in the Outreach and Training section of this report (see page 36). While we have missed the in-person interactions that these have brought in the past, online platforms have helped us make many new connections and partnerships over the last year. As with hearings, we expect remote and hybrid courses and events will be a permanent offering at ICSID. In FY2021, ICSID entered into new cooperation agreements with the Energy Charter Secretariat (ECS) and the Singapore International Mediation Centre (SIMC). Notably, both of these agreements emphasized cooperation on mediation. ICSID has worked extensively to raise awareness and capacity on mediation as one of a range of dispute settlement mechanisms available to States and investors. Partnerships have been a key aspect of this workstream, including engagements with ECS and SIMC. Finally, I wish to thank the ICSID membership, clients and partners for their continued support. I also extend a special thank you to my colleagues

available to States and investors. Partnerships have been a key aspect of this workstream, including engagements with ECS and SIMC. Finally, I wish to thank the ICSID membership, clients and partners for their continued support. I also extend a special thank you to my colleagues at the ICSID Secretariat for their dedication, thoughtfulness, and good humor in what has been a challenging but successful year. With best wishes, Meg Kinnear Secretary-General, ICSID 2 ICSIDCOVID-19 has caused an unprecedented health, economic, and social crisis. As we work to support our client countries’ recovery, the World Bank Group’s approach is informed by decades of development experience, which has deepened our appreciation of the role played by the private sector. The importance of mobilizing private capital for development was central to ICSID’s creation over 50 years ago, and to its significance today. In cases handled by ICSID, the goal is that international disputes under investment contracts, laws and treaties are resolved impartially. In doing so, ICSID helps mitigate risks that may otherwise deter much needed foreign investment. ICSID performs its part in an increasingly flexible and forward-looking fashion. ICSID’s state-of-theart facilities, for example, accommodate physical and virtual hearings, as well as hybrid models. This allows parties to customize hearings based on the specific needs of the case, which has kept cases on track during the pandemic. ICSID has also worked hard with its Member States over several years to upgrade the rules that guide its dispute resolution procedures, as well as to offer new mechanisms, such as mediation and a fast-track arbitration process. These rules are nearly complete, thanks to the efforts of ICSID Member States and the Secretariat over the last year. As we work together to recover from the impacts of the global pandemic, it is critical that investmentrelated disputes are resolved peacefully and efficiently. ICSID’s role is as essential as ever. David Malpass

the efforts of ICSID Member States and the Secretariat over the last year. As we work together to recover from the impacts of the global pandemic, it is critical that investmentrelated disputes are resolved peacefully and efficiently. ICSID’s role is as essential as ever. David Malpass President, World Bank Group Chair, ICSID Administrative Council

MESSAGE FROM

THE CHAIR

David Malpass, President, World Bank Group. © World Bank 3

2021 ANNUAL REPORTYEAR IN REVIEW

A LOOK BACK AT HIGHLIGHTS FROM THE 2021 FISCAL YEAR

JULY 2020

AUGUST 2020

SEPTEMBER 2020

DECEMBER 2020

The Cross-Institutional T ask Force on Gender Diversity in Arbitral Appointments and Proceedings—of which ICSID is a member—releases its report on the appointment of female arbitrators. The International Council for Commercial Arbitration and ICSID partner on the launch event. ICSID unveils an updated website with a streamlined navigation, enhanced search functions, and mobile-friendly design. By resolution adopted on September 10, 2020, the ICSID Administrative Council re-elects Meg Kinnear to a third term as Secretary-General. All hearings in 2020 are virtual due to the COVID-19 pandemic. Nonetheless, case activity is in line with previous years (150 hearings in 2020 compared to 156 in 2019) 4

ICSIDFEBRUARY 2021

MARCH 2021

APRIL 2021

JUNE 2021

ICSID and the Energy Charter Secretariat enter into a new cooperation agreement, building on the strong foundation of cooperation that exists between the two institutions. ICSID and the Singapore International Mediation Centre enter into a cooperation agreement, the first for ICSID with a centre that is exclusively focused on mediation. The Secretariats of ICSID and the United Nations Commission on International Trade Law (UNCITRAL)

between the two institutions. ICSID and the Singapore International Mediation Centre enter into a cooperation agreement, the first for ICSID with a centre that is exclusively focused on mediation. The Secretariats of ICSID and the United Nations Commission on International Trade Law (UNCITRAL) release an update to the draft Code of Conduct for Adjudicators in International Investment Disputes, reflecting extensive discussion on the original draft. ICSID releases its fifth working paper on proposed amendments to its procedural rules. 5 2021 ANNUAL REPORTThe ICSID Secretariat carries out the day-to-day operations of the Centre. Its composition and principle functions are set out in the ICSID Convention (Articles 9 to 11) and the Administrative and Financial Regulations. The ICSID Secretariat is led by Secretary-General, Meg Kinnear, who is assisted by Deputy Secretaries-General, Gonzalo Flores and Martina Polasek. A core task of the Secretariat is providing administrative and financial services to cases. A team is assigned to each case, led by an experienced legal counsel and assisted by paralegals and legal assistants. A financial and administrative team oversees case finances, the ICSID budget, archives, human resources, and information technology. In FY2021, these teams played a central role in ensuring that ICSID cases advanced despite the restrictions of home-based work requirements. The Secretariat also supports ICSID Member States. An institutional team maintains up-todate lists of notifications and designations made by Member States, provides briefings and courses on request, and publishes guidance notes on ICSID practices and procedures. Recently, the Secretariat has worked closely with Member States on updating ICSID’s procedural rules and developing a Code of Conduct for Adjudicators in International Investment Disputes (see pages 10 and 11 for updates on both processes). The Secretariat also has an important role in

Secretariat has worked closely with Member States on updating ICSID’s procedural rules and developing a Code of Conduct for Adjudicators in International Investment Disputes (see pages 10 and 11 for updates on both processes). The Secretariat also has an important role in publishing information on ICSID cases and fostering awareness of international investment dispute settlement more broadly. In FY2021, ICSID completed a major update to its website, with an eye towards streamlining its navigation and improving its search functionalities. Since 1986, ICSID has published the world’s leading journal on international investment law, the ICSID Review—Foreign Investment Law Journal. The ICSID Secretariat is amongst the most diverse organizations in the World Bank Group. Seventy-five percent of the Secretariat are women, across all levels and roles. ICSID’s 67 staff members represent 24 nationalities and are fluent in 25 languages. The names of ICSID staff employed in FY2021 follow.

ICSID SECRETARIAT

6

ICSID67 ICSID STAFF

25 LANGUAGES

24 NATIONALITIES

7

2021 ANNUAL REPORTSECRETARiAT STAFF AS OF JUNE 30, 2021

SECRETARY-GENERAL

Meg Kinnear

DEPUTY SECRETARY-GENERAL

Gonzalo Flores Martina Polasek

LEGAL STAFF

SENiOR LEGAL ADviSER

Milanka Kostadinova

TEAM LEADER/LEGAL COUNSEL

Aurélia Antonietti Paul-Jean Le Cannu Jara Mínguez Almeida Frauke Nitschke Natalí Sequeira

LEGAL COUNSEL

Francisco Abriani Laura Bergamini Jonathan Chevry Ana Conover Mercedes Cordido-Freytes de Kurowski Aïssatou Diop Geraldine Fischer Anneliese Fleckenstein Benjamin Garel Francisco J. Grob Anna Holloway Alex B. Kaplan Catherine Kettlewell Verónica Lavista

Ana Conover Mercedes Cordido-Freytes de Kurowski Aïssatou Diop Geraldine Fischer Anneliese Fleckenstein Benjamin Garel Francisco J. Grob Anna Holloway Alex B. Kaplan Catherine Kettlewell Verónica Lavista Patricia Rodríguez Martín Alicia Martín Blanco Sara Marzal Marco Tulio Montañés-Rumayor Leah W. Njoroge Marisa Planells-Valero Ella Rosenberg Celeste Salinas Quero Luisa Fernanda T orres Anna T oubiana

LEGAL COUNSEL— iNSTiTUTiONAL MATTERS

Daniela Argüello Randi Ayman Celeste Mowatt

PARALEGAL, ADMiNiSTRATivE AND

CLiENT SUPPORT STAFF

PARALEGAL

Jacqueline G. Argueta Vanina L. Bauza Andrea Clavijo Colleen Ferguson Ivania Fernández Ayling Kocchiu Ekaterina Minina Phoebe Ngan Céline Pommier Maria-Rosa B. Rinne Federico Salon Kajganich Elizabeth Starkey Marisela Vázquez Marrero Anastasia T simberlidis

LEGAL ASSiSTANT

Alix Ahimon Paula Carazo Dante Herrera Guzmán Lanny Isimbi Jennifer Ann Meléndez Mayra A. Román 8

ICSIDSR. EXECUTivE ASSiSTANT TO

SECRETARY-GENERAL

Cindy Ayento

PROGRAM ASSiSTANT

Sherri Akanni Anita Chen

FiNANCiAL AND GENERAL

ADMiNiSTRATiON STAFF

TEAM LEADER/SR. PROGRAM OFFiCER

Javier Castro

FiNANCiAL OFFiCER

Azeb Debebe Mengistu

FiNANCiAL ANALYST

Walter Meza-Cuadra Cynthia Nyaoro

HEARiNGS AND EvENTS ORGANiZER

Lamiss Al-T ashi

HEARiNGS AND EvENTS ASSiSTANT

Michelle Lemus

EXTERNAL AFFAiRS OFFiCER

Damon Vis-Dunbar

iNFORMATiON TECHNOLOGY ANALYST

Patricia V. Romero 9

2021 ANNUAL REPORTINSTITUTIONAL

UPDATE RULE AMENDMENTS | CODE OF CONDUCT Two of ICSID’s present priorities are amending the Centre’s procedural rules and developing a Code of Conduct for Adjudicators in International Investment Disputes. Both projects advanced considerably in FY2021. TOWARDS A NEW GENERATiON OF THE iCSiD RULES Since the ICSID Convention Rules and Regulations were adopted in 1967, and the Additional Facility Rules in 1978, there have been four rounds of updates. The fifth—and current—rule amendment process is the most comprehensive to date, encompassing the existing rules for arbitration, conciliation and fact-finding, and introducing a new set of mediation rules. The goal is to streamline the ICSID rules and enhance time and cost efficiencies. A range of topics raised during the initial consultation period— from third-party funding to transparency—are also addressed in the updated rules. T o date, the ICSID Secretariat has published five working papers that propose specific changes to the rules. The latest—published in June 2021— reflects the extensive progress that has been made in consultations with Member States and the public. Also related to amended rules, on May 17, 2021, the Administrative Council adopted by Resolution AC(C)/RES/1/2021 to remove the procedural requirement for an ‘in person’ vote from Regulation 7(2) of ICSID’s Administrative and

the public. Also related to amended rules, on May 17, 2021, the Administrative Council adopted by Resolution AC(C)/RES/1/2021 to remove the procedural requirement for an ‘in person’ vote from Regulation 7(2) of ICSID’s Administrative and Financial Regulations. This allows the Administrative Council to vote by mail or electronically when its meetings are held remotely. The change reflects the experience of World Bank Group institutions during the 202021 pandemic when it was necessary to pass year-end motions by virtual means as meeting in person was not possible. The ICSID rule amendment working papers, together with State and public input, are available at https:/ /icsid.worldbank.org/ resources/rules-amendments. DEvELOPiNG A COMPREHENSivE CODE OF CONDUCT FOR ADJUDiCATORS The Secretariats of ICSID and the United Nations Commission on International Trade Law (UNCITRAL) are collaborating on a Code of 10 ICSIDConduct for Adjudicators in International Investment Disputes. The Code addresses matters such as independence and impartiality, and the duty to conduct proceedings with integrity, fairness, and efficiency. It draws from a comparative review of standards found in codes of conduct in investment treaties, arbitration rules applicable to investor-State dispute settlement, and international courts. A first draft of the Code was published in May

2020. Following two rounds of consultations with ICSID and UN Member States—and extensive dialogue with other stakeholders—a second draft of the Code was published in April 2021. T o inform the consultations, the ICSID Secretariat prepared background papers on the topics of issue conflict, double hatting, and repeat appointments in

March 2021. The draft Codes of Conduct, together with State and public input, are available at https:/ /icsid. worldbank.org/resources/code-of-conduct. 11

2021 ANNUAL REPORT12

background papers on the topics of issue conflict, double hatting, and repeat appointments in March 2021. The draft Codes of Conduct, together with State and public input, are available at https:/ /icsid. worldbank.org/resources/code-of-conduct. 11

2021 ANNUAL REPORT12

ICSIDBy the end of FY2021, ICSID numbered 164 signatories to the ICSID Convention, of which 155 are Contracting States to the Convention. Membership has been expanding since ICSID’s establishment in 1966, reflecting its global relevance and role as the only institution with a primary mandate to support the resolution of international investment disputes. The Republic of Ecuador is the newest signatory, having signed the ICSID Convention on June 21, 2021. All Contracting States are equally represented on the ICSID Administrative Council. As ICSID’s governing body, the Administrative Council adopts the Centre’s annual budget, elects the Secretary-General and Deputy SecretariesGeneral, and approves the annual report. Contracting States also have the right to propose and vote on amendments to the ICSID Convention and Rules, as well as to designate individuals to the ICSID Panels of Arbitrators and of Conciliators (see page 16 for further information on the Panels).

MEMBERSHIP

13

2021 ANNUAL REPORTICSID

CONTRACTING

AND SIGNATORY

STATES AS OF JUNE 30, 2021

14 ICSIDThis map was produced by the Cartography Unit of the World Bank Group. The boundaries, colors, denominations and any other information shown on this map do not imply, on the part of the World Bank Group, any judgment on the legal status of any territory, or any endorsement or acceptance of such boundaries. Contracting States to the ICSID Convention Signatory States to the ICSID Convention 15

2021 ANNUAL REPORTPANELS OF

ARBITRATORS AND

OF CONCILIATORS

World Bank Group, any judgment on the legal status of any territory, or any endorsement or acceptance of such boundaries. Contracting States to the ICSID Convention Signatory States to the ICSID Convention 15

2021 ANNUAL REPORTPANELS OF

ARBITRATORS AND OF CONCILIATORS The ICSID Panel of Arbitrators and Panel of Conciliators are important components of the ICSID dispute resolution system. When the Chair of the Administrative Council is called upon to appoint arbitrators, conciliators or ad hoc committee members under Articles 30, 38 or 52 of the ICSID Convention, these appointees are drawn from the Panels. The Panels also provide a diverse and qualified pool of arbitrators and conciliators for parties to consider when making appointments in ICSID cases. Each Member State may designate up to four persons to each of the Panel of Arbitrators and the Panel of Conciliators (Articles 12 to 16 of the ICSID Convention). In addition, the Chairman of the ICSID Administrative Council may designate up to ten persons to each Panel. The designees may be nationals or non-nationals of the designating State and are nominated for a renewable six-year term. ICSID has been encouraging Member States to make designations of open positions on the list, with great success. During FY2021, 18 ICSID Contracting States made 84 designations to the

ICSID Panels: Austria, Bahrain, Bangladesh,

Belgium, El Salvador, Jordan, Republic of Korea, Lebanon, Lithuania, Malaysia, Netherlands, St. Lucia, Switzerland, Tunisia, Turkmenistan, Uganda, United Kingdom, and Uzbekistan. By the end of FY2021, there were 695 individuals on the ICSID Panels of Arbitrators and of Conciliators. A complete list of ICSID Panel nominees is available on the ICSID website. The names of designees to the ICSID Panels made in

By the end of FY2021, there were 695 individuals on the ICSID Panels of Arbitrators and of Conciliators. A complete list of ICSID Panel nominees is available on the ICSID website. The names of designees to the ICSID Panels made in FY2021 follow. 16

ICSIDAUSTRiA

Panel of Arbitrators Designations effective December 17, 2020: Claudia Annacker, Markus Burgstaller Panel of Arbitrators Re-designations effective December 17, 2020: August Reinisch, Christoph H. Schreuer Panel of Conciliators Designations effective December 17, 2020: Anne-Karin Grill, Ursula Kriebaum, Franz Schwarz, Michael Waibel

BAHRAiN

Panel of Arbitrators Re-designation effective March 17, 2021: Jan Paulsson Panel of Arbitrators Designations effective March 17, 2021: Kathryn Khamsi, Maxi Scherer, Nassib G Ziade Panel of Conciliators Designations effective March 17, 2021: Aysha Abdulla Mutaywea, Fatema Al-Arayedh, Aamal Al Abbasi, Abdulla Ibrahim Al-Khalifa

BANGLADESH

Panel of Arbitrators Designations effective April 26, 2021: Moin Ghani, Rumana Islam

Panel of Conciliators Designation effective April 26, 2021: Md T afazzul Islam

BELGiUM

Panel of Arbitrators Re-designation effective February 5, 2021: Gaëtan Verhoosel

Panel of Conciliators Re-designation effective February 5, 2021:

Joost Pauwelyn Hearing in the case of RREEF Infrastructure (G.P.) Limited and RREEF Pan-European Infrastructure Two Lux S.à r.l. v. Kingdom of Spain © ICSID 17 2021 ANNUAL REPORTEL SALvADOR Panels of Arbitrators and Conciliators Designations effective February 5, 2021: Sigfredo Figueroa, Harold Lantan, Marcela Castillo, Rafael Muñoz

JORDAN

Panel of Arbitrators Designations effective December 10, 2020: Kamel Alalaween, Rajaie Dajani, T ariq Hammouri, Aiman Odeh Panel of Conciliators Designations effective December 10, 2020: Salaheddin Al-Bashir, Mohammad Nsour, Nabil Rabah, Mosleh T arawneh

REPUBLiC OF KOREA

Panel of Arbitrators Designations effective May 20, 2021: Pyung-Keun Kang, Seung Wha Chang

Panel of Arbitrators Re-designation effective May 20, 2021: Hi-T aek Shin

Panel of Conciliators Designations effective May 20, 2021: Junha Kang, Dukgeun Ahn, Hong-Sik Chung, Aera Han LEBANON Panels of Arbitrators and Conciliators Re-designation effective February 5, 2021: Raed Fathallah

LiTHUANiA

Panel of Arbitrators Re-designation effective March 16, 2021: Gintautas Barkus Panel of Arbitrators Designations effective March 16, 2021: Simona Drukteiniene, Solveiga Paleviciene MALAYSiA Panels of Arbitrators and Conciliators Designation effective May 12, 2021: Khoo Guan Huat Panels of Arbitrators and Conciliators Re-designations effective May 12, 2021: Steve Shim Lip Kiang, Cecil W.M. Abraham, Dato’ Azmi Mohd Ali

Designation effective May 12, 2021: Khoo Guan Huat Panels of Arbitrators and Conciliators Re-designations effective May 12, 2021: Steve Shim Lip Kiang, Cecil W.M. Abraham, Dato’ Azmi Mohd Ali

NETHERLANDS

Panel of Arbitrators Re-designation effective July 9, 2021: Albert Jan van den Berg Panel of Conciliators Re-designation effective July 9, 2021: Mauritius Wijffels Panels of Arbitrators and Conciliators Re-designations effective July 9, 2021: Arthur S. Hartkamp, Jacomijn J. van Haersoltevan Hof, Melanie van Leeuwen ST. LUCiA Panels of Arbitrators and Conciliators Re-designation effective May 7, 2021: Brian King

SWiTZERLAND

Panel of Arbitrators Re-designations effective January 19, 2021: Gabrielle Kaufmann-Kohler, Paolo Michele Patocchi Panel of Arbitrators Designations effective January 19, 2021: 18 ICSIDLaurence Boisson de Chazournes, Matthias Scherer Panel of Conciliators Designations effective January 19, 2021: Franz X. Stirnimann, Bernhard F. Meyer, Mercédeh Azeredo da Silveira, Krista Nadaka Vukaren Schefer TUNiSiA Panels of Arbitrators and Conciliators Designations effective June 9, 2021: Ferhat Horchani, Walid Ben Hamida TURKMENiSTAN Panels of Arbitrators and Conciliators Designations effective July 3, 2020: Miriam K. Harwood, Ali R. Gursel

UGANDA

Panel of Arbitrators Designations effective February 5, 2021: Robina Kisubi Shonubi, Peters K. Musoke, Geoffrey Kiryabwire, Remigius Kyononeka Kasule

Miriam K. Harwood, Ali R. Gursel

UGANDA

Panel of Arbitrators Designations effective February 5, 2021: Robina Kisubi Shonubi, Peters K. Musoke, Geoffrey Kiryabwire, Remigius Kyononeka Kasule Panel of Conciliators Designations effective February 5, 2021: Rose Lillian Lubwama, David Bakibinga, Joseph Enyimu UNiTED KiNGDOM Panel of Arbitrators and Conciliators Designations effective October 30, 2020: Christopher Harris, Wendy J. Miles Panel of Conciliators Designations effective October 30, 2020: Ian S. Forrester, Jan Kleinheisterkamp Panel of Arbitrators Designation effective October 30, 2020: Daniel Bethlehem Panel of Arbitrators Re-designation effective October 30, 2020: Christopher Greenwood

UZBEKiSTAN

Panel of Arbitrators Re-designation effective July 21, 2020: Carolyn B. Lamm Panel of Arbitrators Designations effective July 21, 2020: Lisa M. Richman, Islambek Rustambekov Panel of Arbitrators Designation effective September 23, 2020: Diana Bayzakova Panel of Conciliators Designation effective September 23, 2020: Foziljon Otahonov Pending completion of designation procedures 19 2021 ANNUAL REPORTNEW CASES REGISTERED ICSID is the premiere global institution for the resolution of investment disputes, having administered the vast majority of all known international investment cases. Highlights in FY2021 include a record number of registered and administered cases. Also notable over the fiscal year was the sustained progress in enhancing diversity of arbitrators, conciliators and ad hoc committee members appointed to ICSID cases. Forty-four nationalities were represented amongst the appointments made in FY2021 and 31% of all appointments involved women. Furthermore, gender

was the sustained progress in enhancing diversity of arbitrators, conciliators and ad hoc committee members appointed to ICSID cases. Forty-four nationalities were represented amongst the appointments made in FY2021 and 31% of all appointments involved women. Furthermore, gender parity was achieved in first-time appointees. In addition, FY2021 saw a record number of hearings, all of which were held remotely, and the second highest number of procedural orders and decisions issued in a single fiscal year. ICSID

CASELOAD

TRENDS

20

ICSID2021 ANNUAL REPORT

PROCEEDINGS

CONCLUDED

CASES ADMINISTERED

21 20