Part II Mediation Rules and Mediation in Practice, 8 Political Risk Insurance and Mediation
Edited By: Catharine Titi, Katia Fach Gómez
- Investor — Universal international organizations — Mediation
For an investor there are several ways to protect itself against political risk. A direct and effective method of obtaining such protection is to purchase political risk insurance. Two of the leading public providers of political risk insurance are the Multilateral Investment Guarantee Agency (MIGA) and the Overseas Private Investment Corporation (OPIC). There are also several private providers of such insurance. The insurance arrangement agreed upon is governed by contracts and/or treaties. This contribution seeks to explore the role that mediation could play to resolve disputes between different stakeholders in a political risk insurance arrangement. It identifies four scenarios where mediation could be used to settle disputes among the involved parties.