Samenvatting

In addition to conciliation and arbitration, since 1 July 2022, ICSID also offers the possibility of resolving investment disputes through mediation. Along with the introduction of the ICSID Mediation Rules, the ICSID Conciliation Rules were also amended, to make the Conciliation Rules more user-friendly and also more flexible, and to allow parties to use the mechanism of the UNCITRAL Convention on International Settlement Agreements resulting from mediation (‘the Singapore Convention on Mediation’) for enforcement.
Although conciliation and mediation are generally considered interchangeable in the UNCITRAL context , there are differences between conciliation and mediation in the ICSID context. This contributions sets out the main differences between ICSID conciliation and ICSID mediation.