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A case can be processed under the ICSID Additional Facility Rules if one of the parties to the dispute is either not a contracting member state or a national of a contracting member state. However, most cases are arbitrated under the ICSID Convention. [22] [23] [24] Recourse to ICSID conciliation and arbitration is entirely voluntary. However ...
The case was decided together with AlixPartners LLP v The Fund for Protection of Investor Rights in Foreign States which concerned an investor-state arbitration. In a unanimous decision, the Court ruled that a private arbitral tribunal overseas is not a "foreign or international tribunal" under 28 U.S.C. § 1782(a). [1]
The World Bank's International Centre for the Settlement of Investment Disputes (ICSID) is required by ICSID Administrative and Financial Regulation 22 to make public, information on the registration of all requests for arbitration and to indicate in due course the date and method of the termination of each proceeding. It also publishes the ...
International arbitration is an alternative to local court procedures. International arbitration has different rules than domestic arbitration, [6] and has its own non-country-specific standards of ethical conduct. [7] The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. [8]
Notwithstanding certain burgeoning nationalist sentiments and brewing international trade wars, ours is a global economy that depends on the rule of law to function efficiently.
He has commented on the ICSID case law since 1987 and published in 2004 the first book of commentary of ICSID case law. [8] One of his most well-known works is his seminal treatise on international arbitration, 'Fouchard Gaillard Goldman on International Commercial Arbitration', [ 9 ] published in 1999 and frequently referred to by practitioner ...
The Reko Diq case, officially known as the Tethyan Copper Company Pty Limited v.Islamic Republic of Pakistan is an ongoing legal case between the Government of Pakistan and the Tethyan Copper Company (TCC) over breach of the Australia–Pakistan Bilateral Investment Treaty (BIT) and illegal denial of mining rights to TCC at the Reko Diq Mine in Chagai District, Balochistan.
The Philip Morris v.Uruguay case (Spanish: Caso Philip Morris contra Uruguay) was an investor-state dispute settlement case initiated on 19 February 2010 and concluded on 8 July 2016, in which the multinational tobacco company Philip Morris International (PMI), whose head office is located in Lausanne, [1] lodged a complaint against Uruguay that was resolved by international arbitration under ...