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.
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Newberger of the international law firm Crowell & Moring LLP, which last month provided formal notice to Turkey that, unless the dispute was amicably resolved, Libananco Holdings would initiate a US$10 Billion expropriation claim at the World Bank's International Centre for the Settlement of Investment Disputes ("ICSID").
and presided over by a three-member tribunal in the arbitration conducted under the auspices of the International Centre for the Settlement of Investment Disputes concluded, as scheduled, on February 17, 2012.
The letter argues that Argentina must immediately repay its long overdue debts and encourages Treasury Secretary Timothy Geithner to oppose any Paris Club restructuring for Argentina until the country has satisfied all final awards with the World Bank's arbitral tribunal, the International Centre for the Settlement of Investment Disputes (ICSID).
LONDON, May 14 /PRNewswire/ -- Perenco Ecuador Limited ("Perenco") announced today that on May 8, 2009, a three member international arbitration tribunal constituted under the auspices of the International Centre for the Settlement of Investment disputes ("ICSID") unanimously ordered that the Republic of Ecuador and Empresa Estatal Petroleos del Ecuador ("Petroecuador") were restrained from instituting or further pursuing any action to collect from Perenco any payments they claim are owed pursuant to Law 42.
Squire Sanders has been involved in disputes under all leading institutional rules including American Arbitration Association (AAA), China International Economic and Trade Arbitration Commission (CIETAC), International Centre for the Settlement of Investment Disputes (ICSID), International Chamber of Commerce (ICC), Netherlands Arbitration Institute (NAI) and United Nations Commission on International Trade Law (UNCITRAL).
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