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.
Aliases (1)
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
→
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 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 |
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 → |
| sponsoredBy |
International Bank for Reconstruction and Development
→
|
| subjectMatter |
arbitration between states and foreign investors
→
settlement of investment disputes → |
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
ICSID Convention
→
Washington Convention ("Convention de Washington de 1965") → |
alsoKnownAs |
|
Washington Convention
→
|
shortName |