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- 1. 1 INVESTMENT PROTECTION & ISDS Meg Kinnear ICSID Secretary-General Stockholm May 12, 2014
- 2. PROFILE OF ICSID CASELOAD © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement. 2 1 4 1 2 1 2 1 2 4 1 4 1 2 1 2 3 3 8 8 8 9 14 18 30 21 24 21 32 20 23 25 33 40 38 1 1 1 1 1 1 1 2 3 2 3 1 6 2 2 4 1 2 1 4 8 2 2 0 10 20 30 40 50 60 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 ICSID Convention Arbitration Cases ICSID Convention Conciliation Cases ICSID Additional Facility Arbitration Cases ICSID Additional Facility Conciliation Cases
- 3. INCREASE IN BITs 3 Source: UNCTAD, World Investment Report 2013
- 4. INCREASE IN FOREIGN INVESTMENT FDI inflows, global and by group economies (Billions USD) 4 Source: UNCTAD, World Investment Report 2013
- 5. RESPONDENTS - GENERAL 5 © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement. South America 27% European Union 12% Central America & the Carribean 6% North America (Canada, Mexico & U.S.) 5% Eastern Europe (non-EU) & Central Asia (non-EU) 14% Western Europe (non-EU) 1% Sub-Saharan Africa 16% Middle East & North Africa 11% South & East Asia & the Pacific 8%
- 6. INVESTORS – EU CASES 6 Juridical person 73% Natural and juridical person 11% Natural person 16%
- 7. Disputes Decided by Arbitral Tribunals under the ICSID Convention and Additional Facility Rules - Overall © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement. 7 Award deciding that the claims are manifestly without legal merit 1%* Award declining jurisdiction 25% Award dismissing all claims 28% Award upholding claims in part or in full 46%
- 8. OUTCOMES – EU RESPONDENTS (as of March 1, 2014) 8 © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement. Award declining jurisdiction 19% Award dismissing all claims 50% Award upholding claims in part or in full 31%
- 9. CONDUCT OF AN ICSID CONVENTION 9
- 10. FEATURES OF ICSID •Delocalized facility •Dedicated to ISDS – expertise of Secretariat •Low cost – non-profit; use of WBG facilities internationally •Transparency •Awards recognized by all 150 members •Awards enforceable as final judgment in every Member State 10 © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement.
- 11. COST •$25,000 registration fee (paid by Claimant) •$32,000/year for Secretariat (divided between parties •Tribunal remuneration of $3,000/day, billed hourly •Advances held in interest-bearing WB trust fund •Tribunal discretion regarding costs 11 © 2014 by International Centre for Settlement of Investment Disputes. Content may be reproduced for educational use with acknowledgement.
- 12. ICSID 1818 H Street NW Washington, DC 20433 Tel: (202) 458-1534 Fax: (202) 522-2615 www.worldbank.org/icsid 12