The ICSID Procedure: Mind the Gap

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Gloria María Álvarez

Resumen

International Investment Law is constantly changing; therefore the mechanisms available to solve its disputes have evolved. The International Centre for Settlement of Investment Disputes (ICSID) is the most important arbitral institution capable of administrate disputes between investors and member States of the Washington Convention. The annulment activity of ICSID awards has significantly increased in recent years. This paper explores all the variables affecting the annulment activity and suggests effective solutions in order to achieve the desirable Finality Principle in ICSID awards.

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