International Centre for Settlement of Investment Disputes

Summary of International Centre for Settlement of Investment Disputes

An international agency affiliated with the World Bank and serving as a forum for the resolution of international investment disputes. The center was established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States, which was opened for signature on March 18, 1965; the convention came into being on October 14, 1966. As of June 30, 1984, ninety-one states had ratified the convention.

The center is governed by an administrative council, which is composed of one representative from each nation that has adhered to the convention. The president of the World Bank is ex officio nonvoting chairman of the council.

The center provides an impartial panel for the settlement of disputes. Panels of conciliators and of arbitrators are available to assist parties in reconciling differences. Failing such conciliation, binding arbitration may be enforced. Each adhering state is obliged to recognize as binding any arbitral award and must designate a court or other authority that will enforce awards.

Any state that is a member of the World Bank may adhere to the convention and participate in the affairs of the center.

(Main Author: William J. Miller)

International Centre for Settlement of Investment Disputes Outline

The ICSID came into existence in 1966 under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States of 1965. It is an independent organization for dealing with foreign investment disputes, although it is financed by the World Bank (or IBRD). The investment disputes dealt with by the ICSID must be between a national government, which is a contracting party to the Convention, and an individual (either legal or natural person) whose government is a contracting party to the Convention. The centre provides arbitration and conciliation services as the means of dispute settlement.(1)

International Centre for Settlement of Investment Disputes (ICSID)

This section provides an overview of international centre for settlement of investment disputes (icsid) within the legal context of General, Trade and Investment Related Institutions in international economic law, with coverage of Architecture.

Resources

Notes

1. John Mo, International Commercial Law

Further Reading

• Stanimir A Alexandrov, “International Centre for Settlement of Investment Disputes (ICSID),” Elgar Encyclopedia of International Economic Law, Cheltenham Glos (United Kingdom), Northampton, MA (United States)
• The entry “international centre for the settlement of investment disputes” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press

Hierarchical Display of International Centre for Settlement of Investment Disputes

International Organisations > United Nations > UN specialised agency > World Bank

International Centre for Settlement of Investment Disputes

Concept of International Centre for Settlement of Investment Disputes

See the dictionary definition of International Centre for Settlement of Investment Disputes.

Characteristics of International Centre for Settlement of Investment Disputes

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Resources

Translation of International Centre for Settlement of Investment Disputes

• Spanish: Centro Internacional de Arreglo de Diferencias relativas a Inversiones
• French: Centre international pour le règlement des différends relatifs aux investissements
• German: Internationales Zentrum zur Beilegung von Investitionsstreitigkeiten
• Italian: Centro internazionale per la risoluzione delle controversie relative agli investimenti
• Portuguese: Centro Internacional para a Resolução de Diferendos relativos a Investimentos
• Polish: Międzynarodowe Centrum Rozwiązywania Sporów Inwestycyjnych

Thesaurus of International Centre for Settlement of Investment Disputes

International Organisations > United Nations > UN specialised agency > World Bank > International Centre for Settlement of Investment Disputes

See also

• Interinstitutional relations
• Institutional cooperation

• Interinstitutional agreement
• Budgetary discipline (EU)
• Interinstitutional cooperation (EU)
• Institutional cooperation

• EC interinstitutional relations

• ICSID