The procedure in the In­ternational Centre for Settlement of Investment Disputes

  • Elena V. Babkina Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus
  • Maria V. Khomenko KPMG LLP, 1676 International Drive, McLean, VA 22102, USA

Abstract

In the article the authors examine the procedure of arbitration and conciliation and applicable law at the International Centre for Settlement of Investment Disputes (“ICSID” or the “Centre”). Specifically, the authors compare arbitration and conciliation procedures and analyse the benefits and drawbacks of each as well as outline different positions taken by Tribu­nals in applying norms of international law to disputes at the Centre.

Author Biographies

Elena V. Babkina, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

PhD (law), docent; head of the depart­ment of private international and European law

Maria V. Khomenko, KPMG LLP, 1676 International Drive, McLean, VA 22102, USA

senior lawyer

References

  1. Rules of Procedure for the Institution of Conciliation and Arbitration proceedings (Institution rules). URL: http://icsid­files.worldbank.org/icsid/icsid/staticfiles/basicdoc/partD.htm (date of access: 18.06.2017).
  2. Townsend J. M. The Initiation of Arbitration Proceedings: «My Story Had Been Longer». ICSID Rev. – Foreign Invest. Law J. 1998. Vol. 13, issue 1. P. 21–26. DOI: 10.1093/icsidreview/13.1.21.
  3. Schreuer H. Christoph. The ICSID Convention. A Commentary. Cambridge, the United Kingdom : Camridge University Press, 2009.
  4. International Centre for Settlement of Investment Disputes: Fedax N. V. v. Republic of Venezuela. Award (ICSID Case No. ARB/96/3). URL: https://www.italaw.com/sites/default/files/case-documents/ita0316_0.pdf (date of access: 18.06.2017).
  5. International Centre for Settlement of Investment Disputes. Annual Report. 2016. ICSID, 2016.
  6. Voitovich S. A. Delimitation of some legal interna­tional and civil aspects in International Investment Arbitrage. Zakon. 2014. No. 4. P. 74 –79 (in Russ.).
  7. Award of the Tribunal (September 23, 2003) Autopista Concesionada de Venezuela, C. A. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/00/5). URL: https://www.italaw.com/sites/default/files/case-documents/italaw6354.pdf (date of access: 18.06.2017).
Published
2018-10-16
Keywords: investment dispute, arbitration, conciliation, International Centre for Settlement of Investment Disputes, applicable law
How to Cite
Babkina, E. V., & Khomenko, M. V. (2018). The procedure in the In­ternational Centre for Settlement of Investment Disputes. Journal of the Belarusian State University. International Relations, 2, 50-54. Retrieved from https://journals.bsu.by/index.php/internationalRelations/article/view/1316
Issue
No 2 (2017): Journal of the Belarusian State University. International Relations
Section
International Law

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