International Centre for Settlement of Investment Disputes (ICSID)

Arbitral institution established under the aegis of the World Bank by the Washington Convention of 18 March 1965 (“Convention for the Settlement of Investment Disputes between States and Nationals of other States”). ICSID offers conciliation and arbitration to resolve investment disputes between contracting States and nationals of other contracting States. As of 27 December 2010, the Convention had been signed by 157 States and ratified by 146 States.