ICSID, in a first-time move, will administer arbitration proceedings not only under its own rules but also under UNCITRAL rules, as well as ad hoc investor-state and state-state proceedings. Venezuela, meanwhile, has applied to annul a US$307 million award over the construction and operation of a fertiliser plant that was issued in October 2017 in favour of Koch Minerals Sarl and Koch Nitrogen International Sarl. Ignacio Torterola of GST LLP in Miami, who is representing the State, tells GAR the grounds for annulment are “intrinsically connected” to the dissenting opinion of an Australian arbitrator which he says “targets the more fundamental tenets of the decisions.”