Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)

The ICSID Convention is an international treaty that provides a formal process for resolving disputes that arise between countries and foreign investors over investments. When disagreements occur, parties can submit their disputes to an established arbitration system rather than pursuing lengthy national court cases. This helps ensure fair, neutral, and efficient resolution, encouraging foreign investment by offering a reliable mechanism to protect their investments. The ICSID framework promotes stability and confidence in international economic relations by providing a clear legal process for resolving investment disputes involving member countries.