ICSID

ICSID, or the International Centre for Settlement of Investment Disputes, is an organization that helps resolve legal disputes between countries and investors, typically involving investments like businesses or properties. Its goal is to provide a neutral, efficient forum for resolving disagreements fairly, without taking sides. ICSID is part of the World Bank Group and operates under specific international treaties. When disputes arise, parties can agree to submit their case to ICSID, which then facilitates a binding resolution through arbitration or mediation, helping maintain international investment stability and promoting economic development.