Costs, Costs in arbitral proceedings, ICSID Convention, International arbitration, Legal Practice, Set aside an arbitral award, Set aside an international arbitral award, Uncategorized
The Use of Preliminary Objections in ICSID Annulment Proceedings
It is not uncommon to see the losing party of an ICSID arbitration filing a frivolous request for annulment merely to engage the opposing party in settlement negotiations. Another frequent abuse of ICSID’s annulment mechanism is to attempt to re-litigate the merits at the annulment stage. An annulment proceeding under the ICSID Rules typically takes…