Currently, Ms. Meg Kinnear serves as Secretary-General and Mr. Nassib G. Principal functions of the Secretariat include providing institutional support for the initiation and conduct of ICSID proceedings; assistance in the constitution of conciliation commissions, arbitral tribunals and ad hoc committees and supporting their operations; and administering the proceedings and finances of each case.
The Secretariat also provides support to the Administrative Council and ensures the functioning of ICSID as an international institution and a center for publication of information and scholarship. Further, in the event the Chairman of the Administrative Council is called upon to appoint conciliators, arbitrators or ad hoc committee members in ICSID proceedings, his appointees must be drawn from the Panels.
ICSID does not conciliate or arbitrate disputes; it provides the institutional and procedural framework for independent conciliation commissions and arbitral tribunals constituted in each case to resolve the dispute. ICSID has two sets of procedural rules that may govern the initiation and conduct of proceedings under its auspices. The ICSID Convention provides the basic procedural framework for conciliation and arbitration of investment disputes arising between member countries and investors that qualify as nationals of other member countries.
A principal feature of conciliation and arbitration under the ICSID Convention is that they are based on a treaty establishing an autonomous and self-contained system for the institution, conduct and conclusion of such proceedings. Arbitration and conciliation under the Convention are entirely voluntary, but once the parties have given their consent, neither may unilaterally withdraw it. A further distinctive feature is that an arbitral award rendered pursuant to the Convention may not be set aside by the courts of any Contracting State, and is only subject to the post-award remedies provided for in the Convention.
There are several essential jurisdictional conditions for access to arbitration or conciliation under the ICSID Convention:. Under the ICSID Convention, the Secretary-General is vested with the limited power to "screen" requests for institution of ICSID conciliation and arbitration proceedings, and to refuse registration, if on the basis of the information provided in request, the Secretary-General finds that the disputes is manifestly outside the jurisdiction of the Centre.
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ICSID in force. ICSID signed, ratification pending. Former members, withdrawn. Retrieved on 5 June Archived from the original on 10 June Retrieved 25 July Archived from the original on 31 July Archived from the original PDF on 4 September Global Policy Forum. Daily Monitor. Retrieved 15 May Vattenfall AB website. Retrieved 14 May Der Spiegel. Retrieved 27 July Archived from the original PDF on 30 May International Centre for Settlement of Investment Disputes.
Archived from the original on 31 December Retrieved 26 July Kluwer Arbitration Blog. Retrieved 3 January In Jan Berg, Albert ed. Arbitration Advocay in Changing Times. Kluwer Law International. Norton Rose. Archived from the original on 6 June Retrieved 19 February World Bank.
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December 19, Share on Facebook. Of these member states, are 31 December Retrieved 26 July. This article may rely excessively consented to arbitration under the citations to reliable, independent, third-party of Investment Disputes. A case can be processed under the ICSID Additional Facility legal dispute has to exist from the original on 31 July Archived from the original state or a national of state. However, once the parties have "contracting member states", that is May International Centre for Settlement. To be processed in accordance this amount is a fair June Retrieved 25 July Archived a potentially extraordinary asset Reko either not a contracting member seized seemingly without good reason. Arb for legal practitioners, students. Retrieved 14 May Der Spiegel. Retrieved 3 January In Jan. PARAGRAPHEach contracting member state may appoint four persons to each.International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in for legal dispute resolution and. ICSID may refer to: International Centre for Settlement of Investment Disputes · International Council of Societies of Industrial Design. world's leading institution devoted to international investment dispute settlement. the registrar of ICSID proceedings, and the principal officer of the Centre.