Constituting tribunals in investment arbitration
The IBA Investment Arbitration Subcommittee, (the ‘IA Subcommittee’) of the Arbitration Committee, observed that there was limited data about the time it takes to constitute arbitral tribunals in investment arbitrations and queried whether any lessons could be learned from such data. The IA Subcommittee has thus worked with four of the major arbitral institutions administering investment arbitrations to obtain that data and related statistics. This report summarises the data received and sets forth conclusions that the IA Subcommittee has drawn therefrom, with recommendations on methods to adopt to promote efficiency.