The ICSID Procedure: Mind the Gap

Revista E-mercatoria, Vol. 10, No. 2, 2011

40 Pages Posted: 20 Jan 2012

See all articles by Gloria M Alvarez

Gloria M Alvarez

Queen Mary, University of London; University of Aberdeen - School of Law

Date Written: January 17, 2012

Abstract

International Investment Law is constantly changing; therefore the mechanisms available to solve its disputes have evolved. The International Centre for Settlement of Investment Disputes (ICSID) is the most important arbitral institution capable of administrate disputes between investors and member States of the Washington Convention. The annulment activity of ICSID awards has significantly increased in recent years. This paper explores all the variables affecting the annulment activity and suggests effective solutions in order to achieve the desirable Finality Principle in ICSID awards.

El Derecho Internacional de Inversión, está en constante desarrollo, por lo tanto, los mecanismos disponibles para solucionar sus controversias también han evolucionado. El Centro Internacional de Arreglo de Diferencias Relativas a Inversiones (CIADI), es la institución arbitral más importante en la materia, capaz de administrar controversias entre Inversionistas y Estados Miembros de la Convención de Washington. La anulación en laudos del CIADI ha aumentado dramáticamente en el reciente año, por esta razón, el presente artículo explora las diferentes variables que afectan la actividad de laudos anulados, así como propone soluciones eficaces para conseguir un principio de finalidad deseable en laudo arbitrales finales.

Keywords: Investments, World Bank, Annulment activity, Finality Principle, ICSID, Washington Convention, Bilateral Investment Treaties, Argentina, Vivendi and Sempra

Suggested Citation

Alvarez, Gloria M and Alvarez, Gloria M, The ICSID Procedure: Mind the Gap (January 17, 2012). Revista E-mercatoria, Vol. 10, No. 2, 2011, Available at SSRN: https://ssrn.com/abstract=1987236

Gloria M Alvarez (Contact Author)

University of Aberdeen - School of Law ( email )

Taylor Building
King's College
Aberdeen, Scotland AB24 3UB
United Kingdom

Queen Mary, University of London ( email )

Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom

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