ERDEM-NEWSLETTER-2018-metin

137 ARBITRATION LAW procedural and substantive conclusions, they are likely to increase consistency and their availability. Apart from its benefits foreseen in terms of cost-efficiency and transparency as stated, above, the disclosure of third-party funding might be valuable with respect to conflict-checking purposes under the target of consistency. Conclusion Since the ICSID has launched its fourth amendment process on the ICSID Rules and Regulations, significant reformations are to be made on the rules targeting on modernization, time and cost-efficiency, increase in consistency, and availability of decisions. Currently, the amendment proposals of the contracting states and the public are under the consideration of the ICSID, which will pro- vide background papers detailing requests and structure. Following the amendments, the rules will be one step closer to adapting to the current needs of the modern-world investment disputes.