What is the International Convention on the Settlement of Investment Disputes (ICSID)?

The International Convention on the Settlement of Investment Disputes (ICSID) is an international law that provides a mechanism for the resolution of investment disputes that arise between foreign investors and host governments. It was developed in 1965 by the World Bank to facilitate the settlement of investment disputes and attract foreign investment. The ICSID is designed to provide investors with recourse against governments that breach the obligations stated in a bilateral investment treaty (BIT) or a free trade agreement (FTA). For example, if a South Dakota company invests in a foreign country and the government breaches its obligations under the BIT or FTA, the investor can bring a claim against the country before an ICSID tribunal. The tribunal will then order the country to pay compensation or make reparation for the breach. In addition to providing dispute resolution for investors, ICSID also has established rules for the formation of investment treaties between countries. These rules set out the minimum standard provisions that must be included in an investor-state treaty. They also ensure that the rights granted to investors are protected, and that the disputes that arise out of investments are resolved in a fair and timely manner. In Summary, the International Convention on the Settlement of Investment Disputes (ICSID) is an international law that provides a mechanism for the resolution of investment disputes that arise between foreign investors and host governments. It is designed to protect the rights of investors and ensure that investment disputes are resolved in a fair and timely manner.

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What is the International Convention on the Settlement of Investment Disputes (ICSID)?

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