Third party funding of climate change arbitration

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New ICSID rules finalised for investor state disputes

Clea Bigelow-Nuttall of Pinsent Masons reviews the set of amendments the Administrative Counsel of the International Centre for the Settlement of Investment Disputes (ICSID) has approved to its rules for resolving investor-state disputes after a six-year consultation period. She notes that while some updates to the ICSID Rules are wholly welcomed — addressing increased transparency, improving the efficiency of the arbitral process and codifying the use of third party funding — others, such as the new obligation to disclose the name and address of any third party funding, may risk fettering access to justice.

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