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The hot practice for Popescu & Asociatii over the past year has been Dispute Resolution, with the pandemic crisis as a primary driver of work, according to Partner Octavian Popescu, who reports about a vibrant 2021 and looks ahead to a similar 2022.

On March 21, 2022, Member States of the International Centre for Settlement of Investment Disputes (“ICSID”) approved a comprehensive set of amendments to the ICSID’s flagship rules for resolving disputes between foreign investors and their host States, after a five-year long process. This marks the fourth time the ICSID rules have been updated. Also, this is the most extensive review until now, as also explicitly acknowledged by the ICSID. The amendments will come into effect on July 1, 2022 and will apply to arbitrations commenced from that date onwards.

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