International Centre for Settlement of Investment Disputes
/ˌɪntərˈnæʃənəl ˈsɛn.tər fər ˈsɛtl.mənt əv ɪnˈvɛstmənt dɪˈspjuːts/
Definitions
- (n.) An international arbitration institution established by the World Bank that facilitates the resolution of investment disputes between foreign investors and states.
The companies agreed to refer their dispute to the International Centre for Settlement of Investment Disputes for arbitration.
Forms
- international centre for settlement of investment disputes
- international centres for settlement of investment disputes
Related terms
See also
Commentary
The institution is commonly referred to by its acronym ICSID and is a key forum in investor-state dispute settlement under international investment agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.