Concluding Remarks - Chapter 14 - Annulment of ICSID Awards
Pierre Lalive, Partner, Lalive & Partners; Emeritus Professor, University of Geneva and Graduate Institute of International Studies; Honorable Chairman, Swiss Arbitration Association and ICC Institute of World Business Law. Barton Legum Office of the Legal Adviser, Chief, NAFTA Arbitration Division Office of International Claims & Investment Disputes, United States Department of State, Washington, D.C.
There is little doubt that this Conference has been a conspicuous success, and indeed exceptionally substantial. The reason is simple: the organizers deserve to be congratulated for having chosen a subject of fundamental importance, both practical and “philosophical,” which had hardly been explored and discussed before in any depth.
My first remark is therefore one of satisfaction: contrary to what happens in a large, too large number of conferences and arbitration seminars these days, where listeners are exposed to endless repetitions of trite and/or self-promoting speeches, the participants to this Washington Conference can confidently assert that they have learned something, and probably a lot—thanks to the many speeches and interventions we have heard today—from a galaxy of very experienced counsel and arbitrators.
A second remark follows from the first: the discussion has been so rich that any attempts to suggest to you a summary or what is known in France as a “rapport de synthèse” would obviously be futile, if not ridiculous. All I can propose to you, by way of conclusion, are a few of the many subjective ideas or impressions which crossed my mind when listening to the many excellent speakers we heard today.