ICSID definition
Examples of ICSID in a sentence
This award shall be executed in accordance with the applicable laws and regulations, as well as relevant international law including the ICSID Convention and the New York Convention, concerning the execution of award in force in the country where such execution is sought.
Nevertheless, the Secretary General of ICSID, when appointing a chairman, shall assure that the chairman is a national of neither of the Contracting Parties.
The award made by ICSID shall be final and binding on the parties to the dispute.
In case of international arbitration, the dispute shall be submitted for settlement by arbitration to one of the hereinafter mentioned organizations, at the option of the investor: The International Centre for the Settlement of Investment Disputes (I.C.S.I.D.).
As long as this requirement is not met, each Contracting Party agrees that the dispute shall be submitted to Arbitration Pursuant to the Provisions of the Additional Facility of the I.C.S.I.D.; The Arbitral Court of the International Chamber of Commerce in Paris; The Arbitration Institute of the Chamber of Commerce in Stockholm.