Initiated by the Investor
Notice sent to the host State of
the intent to resolve the dispute
through arbitration
SELECTION OF
ARBITRATORS
Typically a three member panel
Claimant investor selects the
arbitrator/co-arbitrator, usually in
the request/notice of arbitration.
PROCEEDINGS
Proceedings include the
jurisdictional and merits phases
The notice crystallizes the
acceptance to arbitrate given by
the host State under the BIT