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International Centre for the Settlement of Investment Disputes - Rules of Procedure for the Institution of Conciliation and Arbitration Proceedings - Entered into force October 14, 1966
International Centre for Settlement of Investment Disputes (ICSID)
copy @ Lex Mercatoria
(1) If the parties, at the time of the registration of the request for arbitration, have not agreed upon the number of arbitrators and the method of their appointment, they shall, unless they agree otherwise, follow the following procedure:
(a) the requesting party shall, within 10 days after the registration of the request, propose to the other party the appointment of a sole arbitrator or of a specified uneven number of arbitrators and specify the method proposed for their appointment;
(b) within 20 days after receipt of the proposals made by the requesting party, the other party shall:
(i) accept such proposals; or
(ii) make other proposals regarding the number of arbitrators and the method of their appointment;
(c) within 20 days after receipt of the reply containing any such other proposals the requesting party shall notify the other party whether it accepts or rejects such proposals.
(2) The communications provided for in paragraph (1) shall be made or promptly confirmed in writing and shall either be transmitted through the Secretary-General or directly between the parties with a copy to the Secretary-General. The parties shall promptly notify the Secretary-General of the contents of any agreement reached.
(3) At any time 60 days after the registration of the request, if no agreement on another procedure is reached, either party may inform the Secretary-General that it chooses the formula provided for in Article 37(2)(b) of the Convention. The Secretary-General shall thereupon promptly inform the other party that the Tribunal is to be constituted in accordance with that Article.
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