Following its recent signing of the ICSID Convention, we are pleased to announce that the Republic of Equatorial Guinea deposited its instrument of ratification of the Convention with the World Bank on July 24. Equatorial Guinea becomes the 159th Contracting State to the ICSID Convention.
International Centre for Settlement of Investment Disputes (ICSID)
Legal Services
Washington, District of Columbia 36,424 followers
About us
The International Centre for Settlement of Investment Disputes (ICSID) is one of the five organizations of the World Bank Group and the world’s leading institution devoted to international investment dispute settlement. It has extensive experience in this field, having administered the majority of all international investment cases. States have agreed on ICSID as a forum for investor-State dispute settlement in most international investment treaties and in numerous investment laws and contracts. ICSID was established in 1966 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention). The ICSID Convention is a multilateral treaty formulated by the Executive Directors of the World Bank to further the Bank’s objective of promoting international investment. ICSID is an independent, depoliticized and effective dispute-settlement institution. Its availability to investors and States helps to promote international investment by providing confidence in the dispute resolution process. It is also available for state-state disputes under investment treaties and free trade agreements and as an administrative registry. ICSID provides for settlement of disputes by conciliation, arbitration or fact-finding. The ICSID process is designed to take account of the special characteristics of international investment disputes and the parties involved, maintaining a careful balance between the interests of investors and host States. Each case is considered by an independent Conciliation Commission or Arbitral Tribunal, after hearing evidence and legal arguments from the parties. A dedicated ICSID case team is assigned to each case and provides expert assistance throughout the process. More than 600 such cases have been administered by ICSID to date.
- Website
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https://icsid.worldbank.org
External link for International Centre for Settlement of Investment Disputes (ICSID)
- Industry
- Legal Services
- Company size
- 51-200 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 1966
- Specialties
- International investment dispute settlement, Case administration, and Appointing authority
Locations
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Primary
1818 H St NW
Washington, District of Columbia, US
Employees at International Centre for Settlement of Investment Disputes (ICSID)
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José-Miguel Júdice
Independent Arbitrator
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Mladen Vukmir
VUKMIR ASSOCIATES, LLC, Founding Partner
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Jill Goldenziel
Strategist Helping Leaders Compete & Win |Professor | Consultant | Award-Winning Speaker | Forbes & Bloomberg Columnist | International Law |…
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Carmen Sfeir Jacir
Board member | Passionate about sustainable value creation, integrity and corporate governance | Dispute solver | expert keynote speaker
Updates
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Missed the 38th AAA-ICDR-ICC-ICSID Joint Colloquium on International Arbitration? Diogo Pereira provides a comprehensive account of the program that addressed cutting-edge technological innovations, as well as timeless human considerations such as persuasion, corruption, and disability inclusion. Find it in the Kluwer Arbitration Blog: https://lnkd.in/e3reqdex Thank you Diogo for such a thorough, well-written, and insightful summary of the conference.
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“What treaties do not say can be as or more important than what they do.” That’s the position put forth in an article in the ICSID Review - Foreign Investment Law Journal by Simon Batifort and Andrew Larkin in the first unified study of silence in investment treaties. The authors discuss nine examples in which they contend that “tribunals have adopted a creative approach to situations where they have identified treaty silence”: mass claims, indirect investments, dual nationality, reflective loss, denial of benefits, coverage of taxation matters, omitted exceptions, compensation without liability, and situations in which silence displaces treaties' express compensation standard. Read the Article (with free open access): https://lnkd.in/eDaT8a8a Read the Blog: https://lnkd.in/eyRVxxJD
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Martina Polasek begins her term as ICSID's Secretary-General this week. Learn more at https://lnkd.in/efPfpu7c
It is with a great sense of responsibility and optimism that I start my new role as ICSID’s Secretary-General this week. ICSID is a truly unique organization with the powerful mission to promote investment by facilitating access to justice for investors and States. I am excited about the opportunities that lie ahead to further enhance our services, expand our global outreach, and strengthen our collaborations with stakeholders and other dispute resolution centers. And I encourage all stakeholders to reach out to me with ideas for how we can make ICSID an even more effective institution. ICSID is well positioned to do so with our exceptionally talented staff. A huge thank you to Meg Kinnear, ICSID’s former Secretary-General. ICSID has evolved so much during Meg’s tenure. Her commitment to the highest standards of excellence—and principles of transparency, fairness, and efficiency—have been an inspiration to all of us at the ICSID Secretariat.
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The #ICSID #internship program offers a unique opportunity to gain experience at the forefront of international investment dispute settlement. Interns are assigned to an ICSID case management or institutional team, and work alongside ICSID legal counsel on research, case correspondence, and arranging hearings. Each semester up to six highly motivated graduate students are selected to join us at ICSID’s headquarters in Washington, D.C. The deadline for our fall semester—September to December 2024—is June 30. Learn more at https://lnkd.in/gWRHJBaF
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Meg Kinnear gave the Annual Africa Arbitration Academy Lecture on the subject of ‘ICSID and Africa: The Past and Future’—highlighting the remarkable contributions that African states have made to ICSID and international investment law. Thank you to the Africa Arbitration Academy for the opportunity and to SOAS University of London for hosting.
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ICSID is pleased to announce the release of an in-depth look at compliance with and #enforcement of #awards rendered under the #ICSID Convention. Our background paper provides the most comprehensive study exclusively focused on ICSID Convention awards. The results show that the vast majority of awards are satisfied, either through compliance, settlement, or enforcement. The paper also features a review of 124 publicly available domestic court decisions and orders that relate to enforcement. This caselaw confirms that an overwhelming majority of courts recognize and enforce ICSID awards. “The key takeaway is that the ICSID Convention’s compliance and enforcement regime is highly effective,” said Martina Polasek, ICSID Secretary-General Elect. “It is important for the continued effectiveness of the system that States and investors voluntarily comply with awards and that domestic courts enforce them.” Discover the paper: https://bit.ly/3RsBt79 Read the press release: https://bit.ly/3z8dUdK
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On June 13, 2024, the Republic of Equatorial Guinea’s Ambassador to the United States, H.E. Crisantos Obama Ondo, signed the ICSID Convention, marking a key step towards Equatorial Guinea becoming an ICSID member state. Equatorial Guinea is the 166th state to sign the Convention. "In collaboration with the World Bank Group, Equatorial Guinea is undertaking a comprehensive approach to enhancing its investment climate and ICSID is pleased to be a part of that process." said Meg Kinnear, ICSID Secretary-General. “We look forward to Equatorial Guinea taking a seat on the ICSID Administrative Council.” Learn more: https://lnkd.in/e8-NdUi6
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Concluding a prolific day of discussions at London International Disputes Week, ICSID's Meg Kinnear debunked stereotypes and misconceptions about investment arbitration and highlighted how #ISDS continues to improve and adapt in her keynote speech. Dr Crina Baltag, FCIArbf provides a full account of the day at #LIDW24 in Kluwer Arbitration Blog: https://lnkd.in/eSqTdsTW
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It was an honor to host the 38th edition of the Joint Colloquium on International Arbitration in Washington, D.C. Thank you to our long-standing partners ICC Arbitration and International Centre for Dispute Resolution® (ICDR) for another fantastic collaboration and to the incredible speakers and moderators who made the conference a success. The next stop is Paris. We hope to see you there!