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 ?
The Prime Minister congratulated the Chief Minister Balochistan over a judgment by the International Centre for Settlement of Investment Disputes (ICSID) Tribunal in favour of the Balochistan government, allowing it to carry out mining and smelting project in the Reko Diq area of Balochistan.
FRANKFURT, Germany, April 1, 2011 /PRNewswire/ -- Fraport AG has filed for a new request for the institution of arbitration proceedings against the Republic of the Philippines at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.
Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: our ability to satisfy the requirements of the plan of compliance accepted by the staff of the NYSE Amex or to satisfy the continued listing requirements of the TSX or other ongoing listing standards; the outcome of our arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes of the World Bank, in Washington D.
Erbil Serter before the International Centre for Settlement of Investment Disputes (ICSID).
ISLAMABAD -- The Supreme Court on Friday warned Balochistan government of adverse consequences in case a decision by the International Centre for Settlement of Investment Disputes (ICSD), an international arbitration forum, went against it in Reko Diq mining lease award case.
the "Plaintiffs") against the Republic of Argentina before the International Centre for Settlement of Investment Disputes ("ICSID") of the World Bank.
All three members of the tribunal have agreed to serve on what is likely to be the largest claim ever brought at the World Bank's International Centre for Settlement of Investment Disputes (ICSID).
TSX:GRZ) (NYSE-Amex:GRZ) announced the filing of its Reply on July 29, 2011, to Venezuela's Counter-Memorial relating to the arbitration claim against the Bolivarian Republic of Venezuela with the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty ("BIT").
According to a source, payments in the form of sovereign bonds will be made to five companies who have filed a complaints at the World Bank's International Centre for Settlement of Investment Disputes, over a range of grievances.
He said that the company stance was initially rejected by the International Centre for Settlement of Investment Disputes (ICSD) and afterwards, they went to International Chambers of Council (ICC).
Willems has extensive experience in complex arbitrations before major tribunals, advising in matters before the ICC, the LCIA, the International Centre for Settlement of Investment Disputes (ICSID), as well as in ad hoc proceedings.
Newberger, a senior partner of the international law firm Crowell & Moring LLP, announced that his firm had filed the US$10 billion claim at the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") in Washington, D.

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