The aim of this Report is to describe the different stages of work that the team representing NOVA University in the 29th edition of the Willem C. Vis Moot Competition of 2022 went through in the past seven months of this project. In this Report, the Team will provide an overview of Willem C. Vis Moot followed by a detailed explanation of each member’s personal experience in the different stages of the competition, namely the process of writing the Memoranda and the preparation for the Pre-Moots and Oral Rounds. The issues raised by this year’s problem will then be analyzed as well as the impact of the competition and the importance it represents in our future paths as young professionals. This Report has been drafted by the four members of the Team as a group, except for the analyses of the relevant issues raised by the Arbitral Tribunal which has been developed individually according to our studies and research throughout the competition.