Article 1122: Consent to Arbitration
1. Each Party consents to the submission of a claim to arbitration in accordance with the provisions of this Subchapter.
2. The consent given by paragraph 1 and the submission by a disputing investor of a claim to arbitration in accordance with the provisions of this Subchapter shall satisfy the requirement of:
(a) Chapter II of the ICSID Convention (Jurisdiction of the Center) and the Additional Facility Rules for written consent of the parties;
(b) Article II of the New York Convention for an agreement
in writing; and
(c) Article I of the Inter-American Convention for an
agreement.
Article 1123: Number of Arbitrators and Method of Appointment
Subject to Article 1125, and unless the disputing parties agree otherwise, the Tribunal shall consist of three arbitrators. One arbitrator shall be appointed by each of the disputing parties. The third, who shall be the presiding arbitrator, shall be appointed by agreement of the disputing parties.
Article 1124: Constitution of Tribunal When a Party Fails to
Appoint an Arbitrator or the Disputing Parties Are
Unable to Agree on a Presiding Arbitrator
1. The Secretary-General of ICSID shall serve as appointing authority for an arbitration under this Subchapter.