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Legal Updates From Other Jurisdictions

September 12, 2024

ICSID Registers Second-Highest Caseload

ICSID reported a strong FY2024 with 58 new case registrations, 341 administered cases, balanced award outcomes, and increased gender diversity in arbitration panels.

In August 2024, the International Centre for Settlement of Investment Disputes (“<span class="news-text_medium">ICSID</span>”) published the latest edition of <a href="https://icsid.worldbank.org/sites/default/files/publications/2024-2%20ENG%20-%20The%20ICSID%20Caseload%20Statistics%20%28Issue%202024-2%29.pdf" target="_blank" class="news-text_link">ICSID’s caseload statistics report</a>, revealing a robust 2024 fiscal year across key metrics. It reports the second-highest number of case registrations in a fiscal year (58) in its history, highlighting its continued significance in investment dispute resolution.

The majority of case registrations (53) were arbitrations under the ICSID Convention, followed by four arbitrations under the Additional Facility Rules and one involving conciliation under the ICSID Convention. ICSID administered 341 cases in total during the fiscal year, the second-highest number in a single year.

Additionally, 17 cases were managed under different procedural rules in FY2024, with 13 utilising the UNCITRAL arbitration rules.

For cases concluded by tribunals in FY2024, 53% of awards favoured investors either partially or entirely, 36% dismissed all of the investors' claims on merits, and 11% found no jurisdiction. These results mirror the historical balance between claimants and respondents.

Alongside the surge in cases, the latest caseload statistics also reveal a noteworthy development: women accounted for 29% of panel appointments during this period. This reflects ongoing efforts to improve gender diversity in international arbitration, with progress still to be made.

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