The Arbitration Mechanism of the International Centre for the Settlement of Investment Disputes

The arbitral process of the International Center for the Settlement of Investment Disputes (ICSID) contains a number of innovative features which were previously unknown to international arbitration. The present volume compares the ICSID system with other major transnational arbitral systems, mainly those of the International Chamber of Commerce (ICC), the American Arbitration Association (AAA), and the rules of the United Nations Committee on International Trade Law (UNCITRAL). The study focuses on the distinctive features of the Center, with emphasis on its jurisdiction, the applicable law, and the annulment procedure. The major aim of the work is to examine the lessons which can be drawn from the experience of the Center.