International Centre for Settlement of Investment Disputes | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-12-19

This is an audio version of the Wikipedia Article:
International Centre for Settlement of Investment Disputes


00:00:52 1 History
00:01:23 1.1 Creation
00:02:36 1.2 Disputes settled
00:04:28 1.3 Performance since creation
00:07:05 2 Governance
00:08:19 3 Membership
00:09:05 3.1 Non-contracting signatories
00:09:47 3.2 Non members
00:10:04 4 Activities
00:12:58 5 See also



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- Socrates



SUMMARY
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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, 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.