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International Centre for Settlement of Investment Disputes
(redirected from ICSID Convention)

   Also found in: Wikipedia 0.01 sec.
International Centre for Settlement of Investment Disputes
Also called ICSID. An organization under the World Bank Group that serves as an arbitration board for disputes involving investment treaties. That is, when member countries disagree on the interpretation of an investment treaty applying to both of them, they may refer the matter to ICSID. More than 150 countries belong to ICSID. It was established in 1966 and is based in Washington, D.C.


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170) While the ICSID Convention does not provide any definition of the term "investment," "the definitions of investment in contemporary treaties tend to be broad and open-ended," resting on the assumption that "foreign investment tends to spur economic development.
of Chile) on the nationality of juridical persons in the ICSID convention in light of its jurisprudence.
 
 
 
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