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from Part III - Investor-State Arbitration
Published online by Cambridge University Press: 08 October 2021
The International Centre for Settlement of Investment Disputes (“ICSID” or “the Centre”) is the world’s leading institution devoted to international investment dispute settlement. It was established in 1966 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the “ICSID Convention”),1 a multilateral treaty proposed by the Executive Directors of the International Bank for Reconstruction and Development (the “World Bank”). ICSID provides a unique treaty framework, procedural rules and independent facilities for the settlement of disputes between foreign investors and host States.
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