International Center for Settlement of Investment Disputes

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International Center for Settlement of Investment Disputes

(ICSID), specialized agency of the United Nations. A member of the World Bank Group (see International Bank for Reconstruction and DevelopmentInternational Bank for Reconstruction and Development (IBRD)
(IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated development institutions (also including the International Center for Settlement of
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), it was formed in 1966 and has its headquarters in Washington, D.C. In an effort to help promote increased flows of international investment, ICSID assists in the mediation or conciliation of investment disputes between governments and private foreign investors. Participation in such arbitration is voluntary. Normally the parties are among the agency's 147 member states or citizens of those states, but in special circumstances nonparticipating states or individuals from such states may be accepted as mediating parties. An autonomous international organization, ICSID has close links with the World Bank; it operates through both an administrative council, chaired by the World Bank's president, and a secretariat.
References in periodicals archive ?
Asked to comment, Kouyialis told the Cyprus Mail he was "surprised" by Mekorot's talk of now seeking recourse at the International Centre for Settlement of Investment Disputes in Washington.
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.
Unable to reach an out of court settlement, KARKEY has taken its case for compensation and damages to the World Bank-affiliated International Centre for Settlement of Investment Disputes (ICSID) in Washington DC.
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.
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.
Derived from the multi-volume International Encylopaedia of Laws, this monograph by Kryvoi (a lawyer with the dispute resolution department of Freshfields Bruckhaus Deringer in London, UK) describes the organization and activities of the International Centre for Settlement of Investment Disputes, a constituent organization of the World Bank Group that provides facilities for the arbitration for disputes between member countries and individual investors.
IBRD is part of the World Bank Group, which also comprises the International Finance Corporation, the International Development Association, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes.
She pointed out that Syria is joining a number of important accords including the euro-Mediterranean Road Map, Hague System for the International Registration of Industrial Designs, and International Centre for Settlement of Investment Disputes (ICSID).

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