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International Investment Law for the 21st Century - Essays in Honour of Christoph Schreuer edited by Binder, Christina; Kriebaum, Ursula; Reinisch, August; Wittich, Stephan (21st May 2009)

PART III PROCEDURE, 18 ENFORCEMENT OF ICSID AWARDS: ARTICLES 53 AND 54 OF THE ICSID CONVENTION

Stanimir A. Alexandrov

From: International Investment Law for the 21st Century: Essays in Honour of Christoph Schreuer

Edited By: Christina Binder, Ursula Kriebaum, August Reinisch, Stephan Wittich

The Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention) created institutional facilities for the settlement of disputes between host States and foreign investors, including through binding international arbitration. It ‘provides for a comprehensive, self-sufficient system of truly international arbitration in the area of investment disputes’. 1 The Convention establishes a mechanism for the resolution of disputes between foreign investors and host States through ‘international methods of settlement...
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