Latin American ICSID Cases: Speed of an Award

The Latin American Arbitration Law Compendium - ICSID Cases

The list is current as of May 29, 2013.

Latin American ICSID Cases: Speed of an Award

The list is current as of June 21, 2013.

When contemplating arbitration, potential claimants and their counsel often consider the overall timeframe that is required to obtain an award.  Although there are many factors that may affect the pace and course of an arbitration, it is possible to draw some comparisons from prior cases and to guide expectations accordingly.

Organized by speed of resolution and using information published by ICSID, this Timeline serves as a quick reference for the efficiency of Latin American ICSID cases.  Based on the 66 Latin American ICSID cases with an award issued as of June 21, 2013, the Timeline reflects the elapsed number of days between (1) ICSID’s registration of a claim and the issuance of a definitive award on jurisdiction or the merits and (2) the constitution of the arbitral tribunal and the issuance of a definitive award.  On average, 1,461 days, or over 4 years, elapse between the date of ICSID’s registration of a claim and the issuance of a definitive award.  Nearly 1,249 days, or approximately 3 ½ years, elapse between the constitution of a tribunal and the issuance of a definitive award.