The following Arbitration guidance note provides comprehensive and up to date legal information covering:
CORONAVIRUS (COVID-19): Many arbitral organisations have responded to the coronavirus pandemic with practical guidance and/or changes to their usual procedures and ways of working. For information on how this content and relevant arbitration proceedings may be impacted, see Practice Note: Arbitral organisations and coronavirus (COVID-19)—practical impact. For additional information, see: Coronavirus (COVID-19) and arbitration—overview.
One of the distinguishing features of arbitration under the International Centre for the Settlement of Investment Disputes (ICSID) Convention (as implemented by the ICSID Arbitration Rules) is the availability of the remedy of annulment. Annulment is one of a small number of post-award remedies available to parties within the autonomous, self-contained ICSID system.
The annulment procedure allows a party to seek annulment of the award on the basis of five procedural grounds (set out and discussed below). In this regard, it is often said that the annulment procedure is designed to safeguard the integrity, rather than the outcome, of ICSID arbitration proceedings (eg Hussein Nuaman Soufraki v United Arab Emirates).
The annulment procedure does not permit a party to seek a re-opening of the tribunal’s consideration of the evidence or decision on the merits (eg RSM Production Corporation v Grenada). Indeed, many ICSID ad hoc committees have adamantly stressed the distinction between annulment and appeal (eg Tulip v Turkey). As there
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