Investor Presentaiton

69 Chamber of Commerce's Court of International Arbitration (Paris). These institutions can administer arbitrations whether those arbitrations are "sited" in the State within which they are located or whether the place of arbitration is elsewhere. A number of IIAs refer to regional arbitration centres such as the Cairo Regional Centre for International Commercial Arbitration, the Regional Centre for Arbitration at Kuala Lumpur and others. Some IIAS refer to domestic arbitration venues such the Malta Arbitration Centre (Albania-Malta BIT, 2011). Each of these centres has its own arbitration rules and offers institutional support for administering the proceedings (secretarial support, venues and logistics for the hearings, coordination of the proceedings, etc.). These arbitration venues and their associated rules, which were created primarily for use in commercial dispute resolution, have certain features that distinguish them from the ICSID Convention and ICSID Additional Facility Rules in particular. They often contain fairly stringent presumptions about confidentiality. They often maintain rosters of arbitrators, some with very wide-ranging qualifications, but usually those arbitrators are not chosen due to their expertise in public international law or investment law in particular. Arbitral awards may be reviewed and potentially set aside by the competent domestic court at the seat of arbitration. Recognition and enforcement of arbitral awards is carried out through national courts, usually in accordance with the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. 2. ICSID and UNCITRAL: a brief comparison The ICSID and UNCITRAL Rules are similar in many respects. Thus, the practical differences between an ICSID proceeding and an UNCITRAL proceeding should not be overstated. There is a significant amount of overlap in the pool of arbitrators who preside over the proceedings, and each set of rules grants significant UNCTAD Series on International Investment Agreements II

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