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Are arbitrators biased in ICSID arbitration? A dynamic perspective
International Review of Law and Economics ( IF 1.216 ) Pub Date : 2021-01-28 , DOI: 10.1016/j.irle.2021.105980
Weijia Rao

Concerns over arbitrator impartiality and independence in ICSID arbitration have led to reform proposals geared towards a multilateral investment court. Due to the ad hoc nature of appointments, it has been suggested that arbitrators may strategically render decisions in biased ways with the goal of encouraging reappointments. Although criticism against arbitrator bias has attracted significant attention, so far limited empirical evidence has been provided to support such concerns. This paper introduces a dynamic perspective to examine concerns of bias arising from ad hoc appointment. I find that contrary to conventional views held by critics of investor-state arbitration, on average, arbitrators tend to decide against their reputation from prior decisions in ICSID arbitration, which implies an effort to establish a reputation for being neutral and unbiased. This finding challenges one of the premises of proposals to replace arbitration with an investment court.



中文翻译:

仲裁员在ICSID仲裁中是否有偏见?动态视角

对国际投资争端解决中心仲裁中仲裁员公正性和独立性的担忧导致针对多边投资法院的改革建议。由于任命是临时性的,因此建议仲裁员可以以有偏见的方式从战略上做出决定,以鼓励重新任命。尽管对仲裁员偏见的批评已引起广泛关注,但迄今为止,提供的有限经验证据不足以支持此类担忧。本文介绍了一种动态的观点来研究临时性产生的偏见预约。我发现,与投资者-国家仲裁的批评家所持的传统观点相反,平均而言,仲裁员倾向于根据ICSID仲裁中先前的决定来决定其声誉,这意味着要努力建立中立且公正的声誉。这一发现挑战了以投资法院取代仲裁的建议的前提之一。

更新日期:2021-02-12
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