Strategic Analysis of International Dispute settlement of Asian Infrastructure Investment Bank

Nowadays, maintaining and improving the condition of sustainable infrastructure and other productive sectors is one of the strategic and fundamental challenges of the countries around the world. Asian Infrastructure Investment Bank (AIIB) aims to encourage investment in the region, in the field of infrastructure projects and other productive sectors, promote sustainable economic development, wealth creation in Asia and beyond, encourage regional and trans-regional participation and cooperation to solve Challenges for Progress Development. It officially started its operations in Beijing on January 16, 2016, while the government of the Islamic Republic of Iran, as a founding member, played an important role in its establishment. By virtue of the bank's articles of agreement, dispute resolution mechanisms must be based on the articles of agreement. Article 55 stipulates that disputes between a Member State and the Bank must be settled through arbitration. But, this type of arbitration is completely unique and follows certain rules and effects. Since the bank follows a special mechanism in arbitration, there are ambiguities in this regard; the nature of this type of arbitration, the possibility of annulment and how to execute its awards are in a haze of ambiguity. Hence, in this article, we deal with these ambiguities with a descriptive analytics method. The research indicate that this arbitration is an ad hoc arbitration and cannot be annulled. In addition, the implementation of its awards must be done within the framework of the articles of agreement and by the party to the dispute.