International Centre for Settlement of Investment Disputes

(redirected from International Center for Settlement of Investment Disputes)
Also found in: Encyclopedia.

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 construction unit of Samsung Group said it asked the International Center for Settlement of Investment Disputes (ICSID) to arbitrate a refinery improvement project in which the company was chosen as a preferred bidder in 2013 by the state-run Oman Refineries and Petroleum Industries Company (ORPIC).
The faction also decided to recommend the Parliament set up a temporary parliamentary commission to examine legitimacy of spending funds from the public budget to repay the debt as ruled by the International Center for Settlement of Investment Disputes.
The move resulted in Repsol filing a complaint with the Washington-based International Center for Settlement of Investment Disputes.
Earlier this year it sued Pakistan at the World Bank's International Center for Settlement of Investment Disputes, seeking $600 million for breach of contract.
The company already has a $10 billion compensation lawsuit against Argentina and commenced arbitration proceedings with the World Bank's International Center for Settlement of Investment Disputes this month.
Repsol said it had told Fernandez of a dispute under the Treaty for Investment Promotion and Protection agreed between Spain and Argentina -- a necessary step for arbitration at the World Bank's International Center for Settlement of Investment Disputes.
Volterra, the Arbitration Tribunal of ICSID (International Center for Settlement of Investment Disputes) has the power to issue recommendations for temporary measures and that power arises from Rule 39 of the Court's arbitration rules.
Biwater also filed suit at the World Bank-administered International Center for Settlement of Investment Disputes (ICSID), where it sought to enforce the terms of a Tanzania-UK investment treaty.
Cemex esta planeando buscar un arbitraje internacional ante el International Center for Settlement of Investment Disputes (Centro Internacional para la Resolucion de Disputas de Inversion) despues de la confiscacion de sus activos.
On October 12, 2005, Romania prevailed in an arbitration before the International Center for Settlement of Investment Disputes (ICSID) within the World Bank in Washington, D.
His comment comes amid expectation that a ruling from the International Center for Settlement of Investment Disputes (ICSID) on a dispute between the government and Lone Star will be reached in the near future.
Sands, a British-French professor and lawyer at the London-based Matrix Chambers law firm, had served as arbitrator in several cases under the International Center for Settlement of Investment Disputes and the United Nations Commission on International Trade Law rules.
Financial browser ?
Full browser ?