ICSID Convention

The ICSID Convention is an international treaty established in 1965 that creates a framework for resolving disputes between foreign investors and governments through arbitration. It allows investors and countries to submit investment-related disagreements to neutral, specialized arbitration tribunals instead of local courts, providing a fair and efficient process. This promotes confidence for international investments by ensuring disputes are handled consistently, transparently, and based on agreed-upon rules across countries that are parties to the convention.