Marco Molina Quoted in Latinvex Article on Amended Rules for Investment Arbitration

News / August 8, 2022

On August 4, 2022, Partner Marco Molina is quoted in Latinvex in an article titled “ICSID: Faster, More Transparent Arbitrations?” It originally appeared July 22 in Latin American Advisor. The article discusses the amended Regulations and Rules of the World Bank’s Centre for Settlement of Investment Disputes (ICSID), which took effect July 1. “It is no secret there are barriers to entry in investment arbitration in Latin America,” Molina says. For example, arbitrations can take years to resolve, submissions might run thousands of pages, and if they’re in Spanish, translation to English may be required – all with no guarantee of a win. The new rules allow for expedited proceedings and encourage prompt rewards. However, Molina says, while the revised rules are promising, they seem to hinge on tribunal discretion or consent of the parties. Guidance is expected in the coming weeks that should bring some clarity; meanwhile, at least ICSID addresses some issues, Molina says.

Read the article.

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