International Centre for Settlement of Investment Disputes (ICSID) | IAS Target IAS Target

International Centre for Settlement of Investment Disputes (ICSID)

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. The ICSID is part of and funded by the World Bank Group. It is an autonomous, multilateral specialized institution to encourage the international flow of investment and allay non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries.
The center performs advisory activities and maintains several publications. Brazil, India, and South Africa are countries with large economies that have never been ICSID members.

Established 1966
Membership
  • 163 countries (signatory and contracting states)
  • 154 countries(contracting states only)
Headquartered Washington, D.C., in the United States
Parent organization World Bank Group

Governance

  • Administrative Council
    The ICSID is governed by its Administrative Council, which meets annually and elects the center's secretary-general and deputy secretary-general, approves rules and regulations, conducts the center's case proceedings, and approves the center's budget and annual report. The council consists of one representative from each of the center's contracting member states and is chaired by the President of the World Bank Group, although the president may not vote.

  • Secretariat
    The ICSID's normal operations are carried out by its secretariat and are led by the secretary-general of the ICSID. The secretariat provides support to the Administrative Council in conducting the center's proceedings. It also handles the center's Panel of Conciliators and Panel of Arbitrators.

  • The panels