What does ICSID mean in Companies & Firms?
This page is about the meanings of the acronym/abbreviation/shorthand ICSID in the Business field in general and in the Companies & Firms terminology in particular.
Submitted by paul8539 on November 4, 2007
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Definition
What does ICSID mean?
- International Centre for Settlement of Investment Disputes
- 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, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries. As of May 2016, 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention. The center performs advisory activities and maintains several publications.
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"ICSID." Abbreviations.com. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.abbreviations.com/term/210999>.
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