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حقوق::
دبیرخانه ایکسید
a unique element of the ICSID system that gives ICSID a competitive advantage over other investor state arbitral forums by removing the possibility of judicial review by domestic courts and replacing it with a system of review by ad hoc annulment committees established by the ICSID Secretariat.3
It further looks at proposals for reform as advanced by the ICSID secretariat in its 2004 paper titled 'Possible Improvements of the Framework for ICSID Arbitration.'4
4ICSID 'Possible improvements of the framework for ICSID arbitration' ICSID Secretariat Discussion Paper, 2004 http://www.worldbank.org/icsid (accessed on 16 April 2016).
In view of the above criticisms and following tentative calls for establishment of an ICSID appellate mechanism by concerned stakeholders, the ICSID secretariat in 2008 published a paper titled 'Possible improvements of framework for ICSID Arbitration.'88 One of the objectives of the paper was to consider the possibility of establishing a single Appeals Facility as an alternative to multiple mechanisms considered under several concluded treaties.89
The ICSID Secretariat believes that the creation of such a single Appeals Facility would achieve the twin goals of efficiency and economy as well as coherence and consistency.90 The proposal for an Appeals Facility is modelled on the WTO Appellate Body system and is discussed below.
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