Síguenos

Mexico signs the ICSID Convention

Date: 
24/01/2018
Typology: 
News
Author: 
Cristina Martinetti/Angelo Torrente

On the 12th of January, 2018 Mexico signed the Convention on the Settlement of Investment Disputes between States and Nationals of other States (the ICSID Convention). In order to implement the ICSID Convention, Mexico shall now ratify the ICSID Convention.

The ICSID Convention was established by the States to facilitate investments by foreign investors, providing the institutional and legal framework for foreign investment dispute settlement. Specifically, the International Centre for Settlement of Investment Disputes (ICSID) is an independent, international and depoliticized institution which administers the settlement of disputes between foreign investors and states. The appointment of the arbitrators, the interim measures and the arbitral awards are made public and easily available on the convention website.

To date, the ICSID Convention has been signed by 162 countries, of which 153 have also ratified it. Since 1966, more than 600 investment arbitration disputes have been carried out.