By a resolution of the IBA Council dated 4 October 2012, the IBA Rules for Investor-State Mediation were adopted. The IBA Subcommittee on State Mediation has drafted the Rules to specifically address disputes and conflicts arising between foreign investors and sovereign States that host their investment. Divided into 12 articles, the Rules facilitate the resolution of disputes involving States and States entities. They establish clear rules for the commencement of mediation and for the appointment of a mediator in absence of party agreement. The Rules also include an innovative rule on “Mediation Management Conference”, to effectively get the mediation started.
CRCICA Director, Dr Mohamed Abdel Raouf, participated in the drafting process as member of the drafting committee for “Scope of application of rules”; “Commencement”; and “timeframe for mediation proceedings”.
Adoption of the IBA Rules for Investor-State Mediation
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