AFC v. Colombia: Developing the Scope of Objections under ICSID Rule 41(5) Regarding the Expiration of Time Limits for Commencing an Arbitration
The recent Award in AFC v. Colombia dated 24 February 2022 provides new developments on the scope of Rule 41(5) of the Arbitration Rules of the International Centre for the Settlement of Investment Disputes (the “ICSID Rules”). The Tribunal dismissed the claims of AFC Investment Solutions S.L. (the “Claimant”) after accepting a defense raised by…