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 ?
This is because in June or July of this year, the attorney-general's office, which was in contact with the Israeli law firm, already agreed to Mekorot's demand for international arbitration on the matter -- though not at the International Centre for Settlement of Investment Disputes.
The convention was later ratified by China on February 6, 1993, twenty-seven years after the convention entered into force, with the limitation that China would only consider submitting disputes over compensation resulting from expropriation or nationalization to the jurisdiction of the International Centre for Settlement of Investment Disputes (ICSID).
The International Centre for Settlement of Investment Disputes (hereinafter ICSID) was established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (hereinafter ICSID Convention or Washington Convention).
s BG Group are among 20 other companies filing US$3 billion in claims with the World Bank's arbitration tribunal, the International Centre for Settlement of Investment Disputes, on behalf of their local affiliates.
In March 2017, an arbitration tribunal of the World Bank's International Centre for Settlement of Investment Disputes ruled in favour of the Tethyan Copper Company (TCC) in an investment dispute brought by it against Pakistan.
Regarding Vgenopoulos and Magiras, who are affected by a decision of the International Centre for Settlement of Investment Disputes (ICSID), Miliotou asked the defence lawyers of the two to present their clients in court, in the light of the commitment of the attorney-general that if they appear, they will only ask for financial guarantees for purpose of ensuring their future presence in court.
5bn, including several of the largest investment treaty arbitrations heard before the World Banks International Centre for Settlement of Investment Disputes (ICSID).
The investor's claim was filed to the International Centre for Settlement of Investment Disputes (ICSID) under the provisions of the US-Ecuador bilateral investment treaty.
The company had previously brought the case before the International Centre for Settlement of Investment Disputes (ICSID).
The convention envisages establishment of an international centre for settlement of investment disputes under the auspices of the World Bank.
Oil service company Tidewater Inc said it filed with the International Centre for Settlement of Investment Disputes a request for arbitration against Venezuela regarding compensation for its seized vessels, reports Reuters (Feb.
Empresas Lucchetti, a Chilean pasta maker, filed a complaint with the International Centre for Settlement of Investment Disputes after Lima's municipal council ordered the closing of the pasta maker's Peruvian subsidiary for causing environmental damage.
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