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 Group's capital amounts to $157.43 billion and comprises five institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the International Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
BSG Resources files an arbitration claim against Guinea in the International Centre for Settlement of Investment Disputes in Washington DC.
If the parties do not reach a settlement in that time frame, the claim would then be submitted for resolution by way of binding arbitration at the International Centre for Settlement of Investment Disputes, or ICSID.
The United Arab Emirates' state-owned renewable energy firm Masdar has filed a legal complaint against Spain before the International Centre for Settlement of Investment Disputes (ICSID) over changes to renewable energy rules, the Reuters news agency reported.
The ISDS panels are typically hosted in two forums: the World Bank-based International Centre for Settlement of Investment Disputes and the United Nations Conference on Trade and Development (UNCTAD).
International Centre for Settlement of Investment Disputes has formed jury members for the court on the Visor company's suit against Kyrgyzstan on the dispute on the Jeruy field.
"All attempts going back to 2006 at soliciting clarification in the best interests of the nation from the present government about this matter currently before the International Centre for Settlement of Investment Disputes (ICSID) have been rebuffed," King said;
The principal disputes with Conoco and Exxon are being heard at the World Bank's International Centre for Settlement of Investment Disputes.
Both parties have also requested a 3-month suspension of the ongoing arbitration proceedings, which were initiated in 2008 before the ICSID (International Centre for Settlement of Investment Disputes), in order to finalise the documentation needed for the transaction to close.
Mongolian Government has a six-month cure period from the date of receipt of the notice to satisfactorily resolve the dispute through negotiations, if the negotiations are not successful, the company will be entitled to commence conciliation/arbitration proceedings under the auspices of the International Centre for Settlement of Investment Disputes pursuant to the BIT.
Hussain Sajwani, chairman of Damac Properties, has instructed international counsel to file an arbitration claim against Egypt at the International Centre for Settlement of Investment Disputes, a company statement said.
Summary: DUBAI -- The UAE's leading independent property developer Damac Properties on Wednesday rejected an Egyptian court ruling on its Red Sea resort land deal "as a gross miscarriage of justice", and said it would file an arbitration claim at the International Centre for Settlement of Investment Disputes, or ICSID.
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