The International Court of Justice (ICJ) will no longer participate in investor-state or commercial arbitrations. ICJ president Abdulqawi A. Yusuf announced at the United Nations General Assembly on 25 October 2018 that the increasing workload of the Court requires its judges to refrain from participating in such extrajudicial proceedings. His full speech can be found HERE.
This announcement comes after a November 2017 report by the International Institute for Sustainable Development (IISD), finding that ICJ judges have arbitrated over ninety investor-state dispute settlement cases to date. According to Yusuf, judges’ judicial activities should “take absolute precedence” over extrajudicial activities like arbitration, especially with […]