ICSID releases its 2017 statistics
In 2017 ICSID registered 53 new cases.
To establish ICSID Jurisdiction the parties mostly invoked BITs (69%), investment contracts (10%), investment law of the host-State (7%) and Energy Charter Treaty (7%).
Most cases were related to Eastern Europe and Central Asia (36%), Sub-Saharan Africa (15%) and Middle East and North Africa (15%).
Among the awards rendered 29% declined jurisdiction, 61% upheld claims in part or in full, 7% dismissed all claims and 3% decided that the claims were manifestly without legal merit.
Share This Story, Choose Your Platform!