The Jurisdiction of International Centre for Settlement of Investment Disputes

Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (Washington, 18 March 1965) has determined the international procedures for the settlement of such investment disputes and made the legal background for states to go out the practice of the implementatio...

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Main Author: V. N. Lisitsa
Format: Article
Language:English
Published: Moscow State Institute of International Relations (MGIMO) 2007-06-01
Series:Московский журнал международного права
Online Access:https://www.mjil.ru/jour/article/view/1500
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author V. N. Lisitsa
author_facet V. N. Lisitsa
author_sort V. N. Lisitsa
collection DOAJ
description Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (Washington, 18 March 1965) has determined the international procedures for the settlement of such investment disputes and made the legal background for states to go out the practice of the implementation of their right on diplomatic protection of their persons. It enabled to convert possible international investment conflicts into private ones.In the article the author researches the conditions, which are necessary for International Centre for Settlement of Investment Disputes to have its jurisdiction. The general rule is that a written consent of parties is required for this purpose. It is dispensable that such consent should have the form of a written document signed by the parties. Other forms are possible (the exchange of letters, telex, telegrams or other means of telecommunications as well as the exchange of statements of a claim and defence in which the existence of an agreement is alleged by one party and not denied by another).The author considers some cases of the International Centre and concludes that it can also have jurisdiction over investment disputes, if a state stipulates appropriate provisions in treaties or national legislation. Simple reference is not sufficient. The provisions concerned should show clearly that the state has given its consent to the jurisdiction of the International Centre.
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spelling doaj-art-c6f9173f6004431ebe9b8e0bb0c3c1a02025-07-23T17:29:56ZengMoscow State Institute of International Relations (MGIMO)Московский журнал международного права0869-00492619-08932007-06-01029510710.24833/0869-0049-2007-2-95-1071445The Jurisdiction of International Centre for Settlement of Investment DisputesV. N. Lisitsa0Russian Academy of SciencesConvention on the Settlement of Investment Disputes Between States and Nationals of Other States (Washington, 18 March 1965) has determined the international procedures for the settlement of such investment disputes and made the legal background for states to go out the practice of the implementation of their right on diplomatic protection of their persons. It enabled to convert possible international investment conflicts into private ones.In the article the author researches the conditions, which are necessary for International Centre for Settlement of Investment Disputes to have its jurisdiction. The general rule is that a written consent of parties is required for this purpose. It is dispensable that such consent should have the form of a written document signed by the parties. Other forms are possible (the exchange of letters, telex, telegrams or other means of telecommunications as well as the exchange of statements of a claim and defence in which the existence of an agreement is alleged by one party and not denied by another).The author considers some cases of the International Centre and concludes that it can also have jurisdiction over investment disputes, if a state stipulates appropriate provisions in treaties or national legislation. Simple reference is not sufficient. The provisions concerned should show clearly that the state has given its consent to the jurisdiction of the International Centre.https://www.mjil.ru/jour/article/view/1500
spellingShingle V. N. Lisitsa
The Jurisdiction of International Centre for Settlement of Investment Disputes
Московский журнал международного права
title The Jurisdiction of International Centre for Settlement of Investment Disputes
title_full The Jurisdiction of International Centre for Settlement of Investment Disputes
title_fullStr The Jurisdiction of International Centre for Settlement of Investment Disputes
title_full_unstemmed The Jurisdiction of International Centre for Settlement of Investment Disputes
title_short The Jurisdiction of International Centre for Settlement of Investment Disputes
title_sort jurisdiction of international centre for settlement of investment disputes
url https://www.mjil.ru/jour/article/view/1500
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