ICSID 2012 Annual Report
The recent growth in investor-state arbitration has continued apace. International Center for Settlement of Investment Dispute (ICSID) registered a record 38 cases in 2011, and had registered 19 further cases by June 30, 2012. Included in these num...
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| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2012/09/18403290/icsid-2012-annual-report http://hdl.handle.net/10986/16649 |
| Summary: | The recent growth in investor-state
arbitration has continued apace. International Center for
Settlement of Investment Dispute (ICSID) registered a record
38 cases in 2011, and had registered 19 further cases by
June 30, 2012. Included in these numbers are 3 new
conciliation cases, showing an increased resort not simply
to arbitration but also to alternative methods of dispute
resolution available under the ICSID convention and
additional facility. Such statistics should not be
considered in isolation from their broader economic context.
There have been unprecedented increases in global flows of
foreign direct investment in the last two decades. These
statistics must also be read in light of the fact that
international investment law and investor-state dispute
settlement are a new discipline. ICSID continues to play a
vital role in the evolving international investment legal
system. Its primary job is very specific: to offer foreign
investors and host States an impartial, effective and
accessible facility for arbitration and conciliation of
international investment disputes. ICSID has taken numerous
steps in the past year to enhance its capacity to fulfill
this role. In September of 2011, ICSID announced a new list
of Chairman's appointees to the panel of arbitrators
and panel of conciliators. ICSID will continue its efforts
to provide excellent service to disputing parties in the
upcoming year. |
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