Washington Convention

E49171

The Washington Convention is the international treaty that established the International Centre for Settlement of Investment Disputes (ICSID) to arbitrate disputes between foreign investors and states.

All labels observed (2)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf international treaty
investment treaty
multilateral treaty
abbreviation ICSID Convention
administeredBy International Bank for Reconstruction and Development
World Bank Group
adoptedOn 1965-03-18
alsoKnownAs Convention de Washington
Washington Convention
surface form: Convention de Washington de 1965
appliesTo disputes between a Contracting State and nationals of another Contracting State
bindingOn Contracting States that have ratified it
category treaty establishing an international organization
concludedUnderAuspicesOf World Bank
contains provisions on applicable law in disputes
provisions on conciliation commissions
provisions on constitution of arbitral tribunals
provisions on costs of proceedings
provisions on jurisdiction of the Centre
creates ICSID arbitral mechanism
ICSID conciliation rules
surface form: ICSID conciliation mechanism
depositedWith World Bank
enforcementObligation Contracting States shall enforce ICSID awards as if they were final judgments of their own courts
Contracting States shall recognize ICSID awards as binding
establishes International Centre for Settlement of Investment Disputes
establishesHeadquartersOfICSIDIn Washington, D.C.
language English
French
Spanish
legalArea international investment law
public international law
limits annulment of awards to specific grounds
officialName ICSID Convention
surface form: Convention on the Settlement of Investment Disputes between States and Nationals of Other States
openedForSignatureOn 1965-03-18
placeOfConclusion Washington, D.C.
providesFor autonomy of ICSID from national courts in annulment and review
binding arbitral awards
recognition and enforcement of ICSID awards by Contracting States
purpose to depoliticize investment disputes between states and foreign investors
to provide facilities for conciliation and arbitration of investment disputes
regulates procedural framework for investor–state arbitration under ICSID
requires consent of the parties to ICSID jurisdiction
shortName ICSID Convention
Washington Convention self-link
sponsoredBy International Bank for Reconstruction and Development
subjectMatter arbitration between states and foreign investors
settlement of investment disputes

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

ICSID Convention alsoKnownAs Washington Convention
Washington Convention shortName Washington Convention self-link
Washington Convention alsoKnownAs Washington Convention
this entity surface form: Convention de Washington de 1965