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Abstract
The new Arbitration Rules of the International Center for Settlement of Investment Disputes (ICSID), which came into force on July 1, 2022, replace the previous version in force since 2006. These rules seek to make the ICSID arbitration process more efficient and responsive, while maintaining the high standards that have made ICSID a respected forum for resolving investment disputes. The new rules reflect changes in international investment law and policy over the past decade, and also aim to address shortcomings of the previous system, such as lack of transparency and efficiency. New provisions have been introduced to simplify and speed up arbitration procedures, provide greater transparency, increase the legitimacy of arbitration processes and expand access to them. The new rules reflect the expectations of ICSID and its members for more efficient and transparent resolution of investment disputes and should facilitate the further growth of international investment and trade, as well as the resolution of disputes arising in connection with these processes.

Preface --List of Abbreviations --Table of Cases and Awards --Bibliography --The Institution --The Place of Arbitration --The Board --The International Advisory Board --The Secretary General --Languages of Correspondence --The Arbitrators --The Liability of Arbitrators and the VIAC --The Statement of Claims --Memorandum in Reply --Counter-Claim, Amendments and Set-Off --Transmission of the File to the Arbitrators --Time Limits, Service and Communications --Nomination and Appointment of Arbitrators --Multi-Party Arbitration --The Challenge of Arbitrators --Early Termination of the Mandate of Arbitrators --Consequences of Challenge or Early Termination of Mandate --Jurisdiction of the Arbitral Tribunal --The Conduct of the Proceedings --Experts and Expert Witnesses --Interim Measures of Protection --Authorized Agents --Applicable Law and Equity --Termination of the Proceedings --Decision Making of the Arbitral Tribunal --The Award --Settlement and Consent Award --Correction and Interpretation of Awards --Publishing Awards and Decisions --The Award on Costs --Categories of Costs --The Registration Fee --The Determination of the Costs of the Arbitration and the Deposit --Further Costs of Procedure --Calculating the Costs of Arbitration --Transitional Provisions --International Arbitral Centre of the Austrian Federal Economic Chamber Rules of Arbitration 2006 (Vienna Rules 2006) --Internationales Schiedsgerict der Wirtschaftskammer Österreich Schiedsordnung 2006 (Wiener Regeln 2006) --International Arbitral Centre of the Austrian Federal Economic Chamber Rules of Arbitraion (Vienna Rules 2001) --Internationales Schiedsgericht der Wirtschaftskammer Österreich Schiedsordnung 2001 (Wiener Regeln 2001) --International Arbitral Centre of the Austrian Federal Economic Chamber Conciliation Rules 2006 --Internationales Schiedsgericht der Wirtschaftskammer Österreich Schlichtungsordnung 2006 --Arbitrator's Declaration of Acceptance, Statement of Independence and Undertaking to Observer Rules on Costs --Guidelines for Arbitrators --Account Details --Schiedsgerichtsordnung für die Sändigen Schiedsgerichte der Wirtschaftskammern 2006 --Code of Civil Procedure, Fourth Section: Arbitration (Austrian Arbitration Act 2006) --Zivilprozessordnung, Vierter Abschnitt: Schiedsverfahren --Former Code of Civil Procedure --Zivilprozessordnung (in der Fassung vor der Schiedsrechtsänderungsreform 2006 "Alte Fassung") --European Convention on International Commercial Arbitratioin 1961 (European Convention) --Convention on the Recognition and Enfocement of Foreign Arbitral Awards 1958 (New York Convention) --List of Bilateral Agreements Concluded by Austria That Refer to Arbitration --List of Multilateral Agreements Concluded by Austria that Refer to Arbitration --List of Bilateral Investment Treaties Concluded between Austria and Other Countries --UNCITRAL Notes on Organizing Arbitral Proceedings 1996 (UNCITRAL Notes) --IBA Rules on the Taking of Evidence in International Commercial Arbitration (IBA Rules of Evidence) --IBA Guidelines on Conflicts of Interest in International Arbitration (IBA Conflict Guidelines) --IBA Rules of Ethics for International Arbitrators (IBA Rules of Ethics).

Preliminary Material /Christian J. Tams and Malgosia Fitzmaurice -- Introduction /Malgosia Fitzmaurice and Christian J. Tams -- The Contentious Jurisdiction of the Permanent Court /Christian J. Tams -- The Permanent Court of International Justice and the "Invention" of International Advisory Jurisdiction /Marika Giles Samson and Douglas Guilfoyle -- The Advisory Jurisdiction of the Permanent Court of International Justice in Practice: A Tale of Two Scopes /Panos Merkouris -- The PCIJ and the Modern International Law of Treaties /Stephan Wittich -- The PCIJ and International Rights of Groups and Individuals /Catherine Brölmann -- The PCIJ and the Protection of Foreign Investments /Ursula Kriebaum -- The Heritage of the Permanent Court of International Justice in WTO Jurisprudence /Joanna Gomula -- The Permanent Court of International Justice, Arbitration, and Claims Commissions of the Inter-War Period /Iain Scobbie -- The Permanent Court of International Justice and Domestic Courts: A Variation in Roles /Jean d'Aspremont -- The Relationship between the Permanent Court of Arbitration and the Permanent Court of International Justice, and Its Significance for International Law /Anneliese Quast Mertsch -- The Doctrine of Sources in the Discourse of the Permanent Court of International Justice /Akbar Rasulov -- Judicial Activism and Judicial Self-Restraint: The PCIJ's Lotus Case /Photini Pazartzis -- The Permanent Court of International Justice and the 'International Community' /Antonios Tzanakopoulos -- The Permanent Court of International Justice and the Constitutional Dimension of International Law: From Expectations to Reality /Roman Kwiecień -- The Legacy of the Permanent Court of International Justice—On Judges and Scholars, and Also on Bishops and Clowns /Ole Spiermann.

"Diplomacy and International Law" published on by Oxford University Press.

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