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International Centre for Settlement of Investment Disputes (ICSID)

  • General information

    Official name International Centre for Settlement of Investment Disputes (ICSID)
    Address 1818 H Street N.W.
    City Washington
    Country United States
    Telephone (202) 458-1534
    Fax (202) 522-2615
    URL http://www.worldbank.org./icsid 
    Presentation
    The International Centre for Settlement of Investment Disputes (ICSID) was established under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States which came into force on October 14, 1966, as an institution specially designed to facilitate the settlement of investment disputes between governments and foreign investors.
    Functions
    ICSID provides facilities for the conciliation and arbitration of disputes between member countries and investors who qualify as nationals of other member countries. Recourse to ICSID conciliation and arbitration is entirely voluntary. However, once the parties have consented to arbitration under the ICSID Convention, neither can unilaterally withdraw its consent. Moreover, all ICSID Contracting States whether or not parties to the dispute, are required by the Convention to recognize and enforce ICSID arbitral awards. Besides providing facilities for conciliation and arbitration under the ICSID Convention, the Centre has since 1978 had a set of Additional Facility Rules authorizing the ICSID Secretariat to administer certain types of proceedings between States and foreign nationals which fall outside the scope of the Convention. Additional Facility conciliation and arbitration are also available for cases where the dispute is not an investment dispute provided it relates to a transaction which has "features that distinguishes it from an ordinary commercial transaction." A third activity of ICSID in the field of the settlement of disputes has consisted in the Secretary-General of ICSID accepting to act as the appointing authority of arbitrators for ad hoc (i.e., non-institutional) arbitration proceedings. This is most commonly done in the context of arrangements for arbitration under the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL), which are specially designed for ad hoc proceedings.

    Documents

      English French Spanish
    Model Clause      
    Rules of Procedure for the Institution of Concilation and Arbitration Proceedings - Institution Rules (1985)      
    Rules of Procedure for Arbitration Proceedings - Arbitration Rules (1985)      
    Rules of Procedure for Conciliation Proceedings - Conciliation Rules (1985)      


    Last update : 2005-01-01