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International Centre for Settlement of Investment Disputes information


International Centre for
Settlement of Investment Disputes
Formation14 October 1966; 57 years ago (1966-10-14)
TypeInternational treaty institution
PurposeInternational arbitration
HeadquartersWashington, D.C., United States
Membership
163 countries (signatory and contracting states)
154 countries (contracting states only)[1]
Secretary-General
Meg Kinnear[2]
Parent organization
World Bank Group
Websiteicsid.worldbank.org

The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries.[3][4] As of May 2016, 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention.

The centre performs advisory activities and maintains several publications.

  1. ^ Database of ICSID Member States Archived 7 January 2015 at the Library of Congress Web Archives. ICSID. Retrieved on 5 June 2016.
  2. ^ http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0%2c%2ccontentMDK:21753485~pagePK:64257043~piPK:437376~theSitePK:4607%2c00.html [bare URL]
  3. ^ International Centre for Settlement of Investment Disputes. "About ICSID". World Bank Group. Archived from the original on 10 June 2012. Retrieved 25 July 2012.
  4. ^ International Centre for Settlement of Investment Disputes. "Organizational Structure of ICSID". World Bank Group. Archived from the original on 31 July 2012. Retrieved 25 July 2012.

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