On 21 March 2022, the Member States of the International Centre for Settlement of Investment Disputes (“ICSID”) approved amendments to the ICSID Regulations and Rules, which will enter into force on 1 July 2022. These amendments include changes to the ICSID Arbitration Rules (the “Rules”), which govern the procedure to be followed in arbitrations under the 1966 Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the “ICSID Convention”). ICSID has amended its regulations and rules only four times (including the 2022 amendments) since its establishment in 1966, with the previous amendment having been introduced in 2006. The 2022 amendments follow a detailed review of the ICSID Regulations and Rules, which began in October 2016. Please click on the link below to read our client alert on this matter.