International Centre for Settlement of Investment Disputes (ICSID)
The British Institute of International and Comparative Law (BIICL); University of West London
Kluwer Law International, 2016
ICSID is a leading international arbitration institution in the field of investor-State dispute settlement. It was established in 1966 as a part of the World Bank pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. The number of ICSID investor-state arbitrations has dramatically increased over the last ten years and ICSID tribunals awarded billions of dollars to compensate damages sustained by foreign investors.
The book describes ICSID's mandate, its organization and core functions, its arbitration and conciliation mechanisms, jurisdiction, recognition and enforcement of ICSID awards. Finally, it discusses the main principles of international investment law such as fair and equitable treatment, denial of justice, expropriation, most-favoured nation and other principles.
Annexed to the book are the full text of the ICSID Convention, its arbitration and conciliation rules, the list of the ICSID Convention signatories, ICSID administrative and financial regulations, as well as the Report of the Executive Directors on the ICSID Convention.
Attached file contains the first three chapters of the monograph.
Keywords: ICSID, Investor-state Disputes, International Investment Law, ICSID Jurisdiction, Foreign Direct Investment, International Dispute Resolution, Washington Convention, ICSID Convention, International Arbitration, Investment Arbitration, Treaty Arbitration, Bilateral Investment Treaty, BITs, CIADI
JEL Classification: F21, K33, K40
Date posted: August 15, 2009 ; Last revised: August 23, 2016