International Centre for Settlement of Investment Disputes

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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.
References in periodicals archive ?
The Turkish investor had filed the claim against the Kyrgyz government to the International Center for Settlement of Investment Disputes at the International Chamber of Commerce in Paris and won the claim.
NYSE: CX) announced today that it will submit a complaint seeking international arbitration before the International Center for Settlement of Investment Disputes following the Venezuelan Government's confiscation of assets, deprivation of rights of CEMEX Venezuela as well as the initiation of the expropriation of CEMEX's business.
VISOR, Kazakh investment firm, filed an international arbitration claim with the International Center for Settlement of Investment Disputes over the expropriation of its investments into development of Jerooy gold mine in Talas region.
Multiple Arabic media outlets reported that Abener-Butec was seeking $100 million in compensation from the Lebanese government through the International Center for Settlement of Investment Disputes last week after the state Shura Council upheld the Energy and Water Ministry's decision in February to launch a new tender for the project, which was awarded to the Greek energy company J&P Avax, subject to Cabinet's approval.
htm) commence arbitration proceedings through the World Bank's International Center for Settlement of Investment Disputes.
ISLAMABAD, February 08, 2012 (Balochistan Times): The Supreme Court (SC) on Tuesday directed the Baluchistan Government through to send letters to International Chambers of Commerce (ICC), Paris, and International Center for Settlement of Investment Disputes (ICSID), Washington DC, US, requesting them not to take any further steps in arbitration proceedings over award of Reko Diq mining lease issue, till the disposal of the matter by the SC.
80 billion lawsuit against the government before the International Center for Settlement of Investment Disputes, part of the World Bank, for alleged economic injury after Argentina devalued its currency and shifted what Telefonica could charge customers to the devalued peso in 2002.
Bechtel filed a case against Bolivia at the World Bank's International Center for Settlement of Investment Disputes (ICSID), claiming that it was owed $50 million for lost investments and lost profits.
The 2002 Production Sharing Agreement, the governing contract, provides the right of arbitration in London through the International Center for Settlement of Investment Disputes (ICSID).
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